Tihama terminates Dan Diamond acquisition deal

Tihama said the agreement for the acquisition of Dan Diamond was terminated on Nov. 30, 2025

Tihama Advertising and Public Relations Co. agreed by mutual consent to terminate the acquisition agreement for Dan Diamond Real Estate Development and Investment Co., according to a Tadawul statement.

The agreement was terminated on Nov. 30, 2025, the statement said, adding that the down payment has been refunded.

According to data available with Argaam, Tihama signed in August an agreement with Osama Abdulaziz Al Tawala Law Firm and Legal Consultants to acquire Dan Diamond, including all its assets and rights, for an acquisition value of SAR 90.72 million.

Last September, Tihama announced the extension of the due diligence period for Dan Diamond to verify documents and the validity of its assets, for 60 days from the expiry of the previous deadline.