Thimar Development Holding Co. — Capital/Financing Update 2025

Jul 24, 2025

Thimar Development Holding Co. Announces an update on Thimar Development Holding Company announces the signing of an agreement with Jiyad Al-Ezz Company Limited and Rasana Financial Company (fund manager and financial advisor) to establish an investment fund

4160 · 24/07/2025 15:38:57 · Announcement #88965 · View on Saudi Exchange

Thimar Development Holding Co. Announces an update on Thimar Development Holding Company announces the signing of an agreement with Jiyad Al-Ezz Company Limited and Rasana Financial Company (fund manager and financial advisor) to establish an investment fund

Element List	Explanation
Introduction	On 05-01-2025, an agreement was signed with giad Al-Ezz limited and sozana financial company (fund manager and financial advisor) to establish an investment fund Type of fund: private equity investment fund (private closed). The goal of the fund: the acquisition of 70% of the company Jayad Aliz limited. Fund capital: Sar 100 million Duration of the Fund: 7 years, extendable for two additional periods of 12 months per period.
Previous Announcement	Thimar Development Holding Company announces the signing of an agreement with Jiyad Al-Ezz Company Limited and Rasana Financial Company (fund manager and financial advisor) to establish an investment fund
Date of Previous Announcement on Saudi Exchange’s Website	2025-01-06 Corresponding to 1446-07-06
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Termination of the agreement and notification of the parties thereof. The company continues to search for opportunities that meet the aspirations of shareholders and comply with the company's investment strategies and the approved financial regulation plan and achieve growth and stability of the company.
The costs associated with the event, and if they have changed or not with indication of the reasons.	None

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