Thimar says will acquire 22% of Yamama Plus Apartments instead of 26%

03/07/2025 Argaam

Thimar Development Holding Co. will acquire a 22% stake in Yamama Plus Serviced Apartments Co., rather than the previously announced acquisition percentage of 26%, according to a statement to Tadawul.

 

In April, the company signed an asset sale and transfer agreement to acquire 26% of Yamama Plus Serviced Apartments Co. for a cash and in-kind value of SAR 9 million, Argaam reported earlier.

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