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Thimar Development Revises Terms of Minority Stake Deal with Yamama Plus Serviced Apartments

MT Newswires·07/03/2025 03:58:39
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03:58 AM EDT, 07/03/2025 (MT Newswires) -- Thimar Development Holding Co. (SASE:4160) said Thursday it will acquire a 22% stake in Yamama Plus Serviced Apartments Co., revising down its previously announced plan to acquire a 26% interest. The Saudi Arabia-listed agricultural products company previously announced its agreement to purchase the stake for 9 million Saudi riyals, including an in-kind consideration of 7.6 million riyals and 1.4 million riyals in cash.