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Thimar Development Sells Stake in Serviced Apartments Manager for SAR9 Million

MT Newswires·01/01/2026 01:51:25
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01:51 AM EST, 01/01/2026 (MT Newswires) -- Thimar Development Holding (SASE:4160) sold its entire 22% stake in serviced apartments manager Yamama Plus Serviced Apartments Co for 8.9 million Saudi riyals. The agricultural products company said Thursday it plans to contribute the proceeds towards its approved financial regulation plan.