Al Tayyar Travel Group Holding (1810.SE)  has amended its conditional purchase agreement with Thakher Investment and Real Estate Development Company, raising  the stake it will acquire to 30% from 25% as agreed upon by the two selling shareholders (MASIC and Almishal Company). Each of the Thakher selling shareholders will sell a 15% stake (versus 12.5% as previously agreed upon) for a combined value of cSAR804 million with Al Tayyar issuing 9.65 million shares in return (c4.6% stake) through a capital increase (the previous deal value was set at SAR670 million in exchange for c6.51 million shares). The agreed upon share price for the transaction was accordingly amended to SAR83.3/share from SAR102.9/share. Following the deal the number of Al Tayyar’s shares will increase to 209.65 million from 200.00 million currently. Thakher is currently developing real estate within close proximity (1.4km) of the Holy Mosque site In Mecca that covers an area of 322,832 sqm and will include hotel accommodation, as well as residential and commercial areas. (Company Disclosure)