Thimar Development Holding Company, trading as Thimar, is a Saudi joint-stock company listed on the Saudi Exchange (Tadawul). Established on December 9, 1987, the company has an authorized capital of SAR250 million and is headquartered in Riyadh, Saudi Arabia.
The company operates primarily in the food retail sector, classified under the consumer staples sector, while maintaining a diversified investment portfolio. According to its Articles of Association and Saudi supervisory regulations, Thimar is not subject to investment restrictions.
On Tadawul, Thimar is traded under the classification number (4160) and ISIN (SA0007879816).
Background
Thimar Development Holding Company was established under the Saudi Companies Law and incorporated following Ministerial Resolution No. 364, issued by the Minister of Commerce on January 8, 1988.
Since its inception, the company has positioned itself as a major contributor to Saudi Arabia’s retail and consumer investment landscape, with a strategy that integrates food retail operations and diversified holdings.
Activities
The core activities of Thimar Development Holding Company include:
- Managing subsidiaries and overseeing their strategic direction.
- Investing funds of its subsidiaries and affiliates.
- Owning real estate and movable assets necessary to support business growth.
- Acquiring industrial property rights on behalf of subsidiaries to secure intellectual property advantages.
- Operating within the food retail sector, contributing to the Kingdom’s supply chain in consumer staples.
Through these activities, Thimar plays a key role in supporting economic diversification and the development of the Saudi consumer retail ecosystem.
Strategic Importance
As a participant in the consumer staples and retail market, Thimar Development Holding Company supports the Kingdom’s Vision 2030 objectives by enhancing local supply chains, creating investment opportunities, and diversifying the national economy.
Its diversified investment model enables long-term stability while contributing to the growth of subsidiaries and reinforcing the company’s position as a trusted Saudi holding company.
