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 |
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