Thimar Development Holding Co. — Capital/Financing Update 2026

Feb 11, 2026

Thimar Development Holding Company announces the completion of the sale of a property owned by the Company for a value of SAR 5,145,000.

4160 · 11/02/2026 08:00:26 · Announcement #93062 · View on Saudi Exchange

Thimar Development Holding Company announces the completion of the sale of a property owned by the Company for a value of SAR 5,145,000.

Element List	Explanation
Introduction	Thimar Development Holding Company announces the completion of the sale of its property located in Al-Kharj on Haradh Road, northeast of the military base, with an area of 700,000 square meters, for a total amount of SAR 5,145,000 (inclusive of real estate transaction tax).
Transaction Details	Unused agricultural land with an area of 700,000 square meters, on which old hangars are constructed
Transaction Amount	SAR 5,145,000 (inclusive of the Real Estate Transaction Tax).
Transaction Conditions	There are no preferential terms or advantages.
Parties of the Transaction	Seller: Thimar Development Holding Company

First Buyer: Mohammed bin Abdullah bin Mohammed Al-Khanfari Al-Qahtani (600,000 square meters)

The second buyer: Turki bin Saleh bin Mohammed bin Hilil (100,000 square meters) Transaction Financing Method Not applicable Date of Entering Into The Transaction 2026-02-10 Corresponding to 1447-08-22 Description of Activity of The Asset Subject of The Transaction (Agricultural land on which old hangars are constructed) – unused / not currently utilized Asset Book Value SAR 5,016,333 as of 31/12/2025 Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction Not applicable Transaction reasons The reason for completing the transaction is that the sold property had not been utilized for several years. The sale process aims to strengthen the Company’s financial position, improve the efficiency of managing the asset (which was not utilized), and support the Company’s strategy and the approved financial reorganization plan Expected Impact of the Transaction on the Company and Its Operations It is expected that there will be a positive impact on liquidity and a decrease in the item of gains from the sale of property, plant, and equipment Details of Using The Proceeds of the Asset Sale To implement its strategic plans, settle its obligations, and complete the execution of the financial reorganization plan Related Parties None

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