Thimar Development

What Thimar Development does

Thimar Development Holding Company (ثمار التنمية القابضة) is a Saudi Arabia-based, publicly listed diversified holding company founded in 1988, operating from Riyadh under the regulatory framework of the Saudi Capital Market Authority. The company runs two core business sectors: (1) an Agricultural Sector that markets fresh and organic produce, livestock, and food products to government entities, hospitals, and major hypermarket chains including Panda, Danube, and Al-Sinbalah; and (2) a Real Estate Sector, executed through its wholly-owned subsidiary Thimar Towers (أبراج ثمار), which develops residential and commercial projects, including a 6 million SAR residential tower investment in Riyadh disclosed in 2024. A third Project Management business unit provides operational and investment management across the portfolio.

The company makes money through B2B agricultural product marketing on a transactional basis to institutional buyers, supplemented by one-off real estate project revenue tied to property development and disposition. The go-to-market motion is enterprise field sales targeting government, healthcare, and large retail accounts, with distribution through established hypermarket partners. Pricing is not publicly disclosed and is described as project-based and B2B transactional. Underlying technology is not disclosed; the company invests in 'modern technologies and new ideas' at a high level but does not reveal proprietary platforms, AI/ML, or data assets. Ancillary offerings include subsidiary-level financing solutions, resource sharing across portfolio companies, a website virtual assistant for inquiries, and an investor relations portal publishing annual reports and prospectus materials.

Operationally, the company emphasizes a diversified portfolio strategy designed to reduce risk and stabilize profits, with subsidiary-level resource sharing and governance compliance (whistleblower policy, board structure with Chairman Waleed bin Abdulaziz Al-Shuaigir, Vice Chairman Khaled bin Asad Khashoggi, and Managing Director Melfi bin Manahi Al-Marzoqi). Geographic footprint is limited to Saudi Arabia. No headcount, revenue figures, patents, awards, or M&A activity are disclosed in the available data.

Name

Thimar Development

Legal name

Thimar Development Holding Company (ثمار التنمية القابضة)

Website

https://thimar.com.sa

Company type

Public

Founded year

1988

Operating status

Operating

Short description

Thimar Development Holding is a Saudi-listed, Riyadh-headquartered diversified holding company (since 1988) that markets fresh agricultural products to government, hospitals, and hypermarket chains (Panda, Danube, Al-Sinbalah) and develops residential and commercial real estate through its subsidiary Thimar Towers.

Ownership category

akta.pro rank

Product category

Diversified Investment Holding

NAICS

Management of Companies and Enterprises (55111)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Agricultural products marketing
• Real estate development
• Investment holding company
• Food supply chain
• Project management services

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Agricultural Products Marketing: Marketing of fresh and organic agricultural products, livestock, and food supplies to government sectors, hospitals, and major retail chains including Panda, Danube, and Al-Sinbalah
2. Real Estate Development: Development of residential and commercial projects through 'Thimar Towers' subsidiary, including a 6 million SAR investment in a residential tower in Riyadh

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Thimar Development Holding is a Saudi Arabian investment holding company that markets fresh and organic agricultural products and livestock to government entities, hospitals, and major retail chains, and develops residential and commercial real estate projects through its Thimar Towers subsidiary. It also provides project management services and financing solutions across its diversified investment portfolio.

Product overview

Thimar Development (ثمار التنمية القابضة) is a diversified holding company operating since 1988, offering agricultural products marketing and real estate development through two core business sectors. The Agricultural Sector (القطاع الزراعي) provides fresh, organic, and livestock products to government, healthcare, and retail customers. The Real Estate Sector operates through its subsidiary brand Thimar Towers (أبراج ثمار), developing residential and commercial projects in Riyadh and beyond. The portfolio also includes project management services and investment solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Thimar Towers (أبراج ثمار): Real estate development subsidiary focused on residential and commercial projects in Saudi Arabia.

Products and services

• Agricultural Sector (القطاع الزراعي) Core business sector specializing in marketing fresh and organic agricultural products and livestock. Products are supplied to government sectors, hospitals, and major retail chains including Panda (بنده), Danube (الدانوب), and Al-Sinbalah (السنبلة).
• Real Estate Sector (القطاع العقاري) Strategic sector focused on developing residential and commercial projects to meet the needs of Saudi Arabia's accelerating economic growth. Operates through the Thimar Towers (أبراج ثمار) subsidiary.
• Thimar Towers (أبراج ثمار) Subsidiary brand under Thimar focused on providing innovative real estate development solutions for residential and commercial projects in alignment with market aspirations.
• Project Management Services Project management and operational efficiency services applied across the company's investment sectors, including financing solutions to fund subsidiary company projects.

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Thimar Towers (أبراج ثمار)coreStrategic or Co-development PartnerSubsidiary company focused on real estate development, creating innovative solutions for residential and commercial projects aligned with market aspirations
• Subsidiary CompaniescoreStrategic or Co-development PartnerCompanies established for resource sharing and service exchange to achieve operational efficiencies across the investment portfolio

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• National Agricultural Development Company (NADEC): Saudi publicly listed agricultural company producing dairy, crops, and food products. Comparable to Thimar's agricultural sector activities and target customers (retail, government, institutional).
• Savola Group: Saudi publicly listed holding company with food, retail, and agriculture businesses. Directly comparable as a diversified Saudi food/agriculture holding with similar institutional customers and capital-markets governance.
• Almarai Company: Largest vertically integrated food and beverage company in the world, listed on Tadawul. Comparable as a Saudi agricultural/food producer with deep institutional B2B distribution, though operating at materially larger scale.
• Dar Al Arkan Real Estate Development: Saudi publicly listed real estate developer focused on residential and commercial master-planned projects. Most direct comparable to Thimar's real estate sector and Thimar Towers subsidiary.
• Saudi Real Estate Company: Saudi publicly listed real estate developer engaged in land development, residential, and commercial projects. Comparable to Thimar's land subdivision and project development activities.
• Dur Hospitality Company: Saudi publicly listed company operating in hospitality and real estate. Comparable to Thimar in combining a real estate development line of business within a Saudi listed entity.
• Aseer Company for Trading, Industry, Real Estate & Agriculture Investment: Saudi publicly listed diversified company with trading, industrial, real estate, and agricultural lines of business. Comparable to Thimar in spanning multiple unrelated sectors under a Saudi listed entity.
• Herfy Food Services: Saudi publicly listed food manufacturer and restaurant operator with strong retail-channel distribution. Comparable in food products distribution and B2B retail relationships.
• Jabal Omar Development Company: Saudi publicly listed real estate developer building large-scale mixed-use and residential projects. Comparable to Thimar's Thimar Towers activities in Saudi residential/commercial development.

Regional players

• Emaar Properties: UAE-based publicly listed real estate developer with extensive Saudi operations. Comparable in real estate development activity and Saudi market presence, though operating from a different home market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thimar Development