thabit press brief
April 2026, Abu Dhabi

Name
  thabit. Always lowercase in Latin script.
  Arabic: ثابت, meaning "firmly in place, stable, unshakable."
  Pronounced THAH-bit. Two syllables. Stress on the first.

One sentence
  thabit is an Abu Dhabi licensed, cars first online auction platform.

One paragraph
  thabit is the first UAE auction marketplace that takes responsibility
  for what it sells. Every listing carries a mandatory, standardised
  third party pre purchase inspection. The fee schedule is published
  on the landing page. Customer funds are held in a CBUAE licensed
  bank escrow, contractually released within seventy two hours.
  The company is incorporated in ADGM, operated from Abu Dhabi,
  and sequenced to open publicly in Q4 2026.

Facts
  Home               Abu Dhabi, UAE
  Jurisdiction       ADGM Tech Startup Licence, in progress
  Domain             thabit.ae
  First category     Cars
  Launch             Q4 2026, Abu Dhabi first
  Fees               6% buyer, 3% seller, both published
  Inspection         Mandatory, 410 point, third party panel
  Escrow             CBUAE licensed bank, 72 hour release
  Transfer           TAMM integrated, target 7 working days
  Team today         04
  Team by month 24   22
  Funding            Seed, Al Rida Investment & Development

Inspection, defined
  The "410 point" inspection is a mandatory third party pre purchase
  check, performed before a vehicle is listed on thabit. The report is
  published alongside the listing, not held back for later.

  Scope, in six families:
    1. Engine, drivetrain, and transmission
    2. Electrical and onboard diagnostics (OBD)
    3. Bodywork, frame, paint, and glass
    4. Interior, upholstery, climate, and infotainment
    5. Suspension, steering, and brakes
    6. A road test by a qualified inspector

  The buyer receives:
    .  A time stamped PDF report, linked from the listing
    .  Forty to sixty high resolution photographs
    .  Raw OBD diagnostic readouts, where supported
    .  The inspector's signed summary
    .  Retention for three years, accessible to the buyer

  Performed by the thabit partner panel, currently AutoFay,
  CheckMyCar, and AutoHub. The nearest available inspector
  to the lot is assigned.

Founder
  N/A. Biography placeholder in place. Replace before publication.

Contact
  press@thabit.ae
  Response within one UAE business day.