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Thimar Development Holding Company announced its entry into real estate investment
| Element List | Explanation |
|---|---|
| Announcement Detail | Thimar Development Holding Company announces to its esteemed shareholders the investment of an amount of 6 million Saudi riyals (only six million Saudi riyals) in a real estate fund licensed by the Capital Market Authority to develop a project to construct a residential tower in the city of Riyadh, Olaya District, on Olaya Main Street. It is expected that this investment will be of It has a positive financial impact and comes within the company’s direction of investing in distinctive real estate projects Start of investment: July 2024 Name of the fund invested in: Osool and Bakhit Fund, the four areas of Al Yamama City Center development Real estate developer: Four Ways International Trading Company. Fund capital: 124,086,890 Saudi riyals Investment duration: 37 months Project return rate: 116.36% The fund aims to: establish (97) residential units and their facilities (Yamamah City Center) in the city of Riyadh, Olaya District, on Olaya General Street, opposite the Kingdom Tower. The project area is 1,600 square meters. It is worth noting that this investment is consistent with the financial regulation plan that was previously announced. Investment in Real estate projects with lucrative returns, and the company will announce any developments in this regard later Thimar Development Holding Company announces to its esteemed shareholders the investment of an amount of 6 million Saudi riyals (only six million Saudi riyals) in a real estate fund licensed by the Capital Market Authority to develop a project to construct a residential tower in the city of Riyadh, Olaya District, on Olaya Main Street. It is expected that this investment will be of It has a positive financial impact and comes within the company’s direction of investing in distinctive real estate projects Start of investment: July 2024 Name of the fund invested in: Osool and Bakhit Fund, the four areas of Al Yamama City Center development Real estate developer: Four Ways International Trading Company. Fund capital: 124,086,890 Saudi riyals Investment duration: 37 months Project return rate: 116.36% The fund aims to: establish (97) residential units and their facilities (Yamamah City Center) in the city of Riyadh, Olaya District, on Olaya General Street, opposite the Kingdom Tower. The project area is 1,600 square meters. It is worth noting that this investment is consistent with the financial regulation plan that was previously announced. Investment in Real estate projects with lucrative returns, and the company will announce any developments in this regard later |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 35.58
Net Change -0.92 (-2.52%)
Value Traded (Sar) 2,625,565.82
Volume Traded 73,082
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