Umm Al-Qura sells land in Wajhat Masar for 310M

Al Maqara Development and Reconstruction Company "Masar" announced the signing of two land sale agreements in the Mawasem Masar area in Mecca, with a total value of approximately 310.44 million riyals. The two plots are located along the main pedestrian walkway, "The Boulevard," and have a combined area of 4,947 square meters. The purchasing company, Abdulmohsen Al Rusayis & Sons Group, will develop two residential towers on the plots, aiming to increase residential offerings in the area. The funds generated from the sales will be used to support the company’s operations and finance its current projects within the destination. The deal was made between Alinma Development Second Limited Company, a subsidiary of Alinma Makkah Fund, and the buyer, and it indicates that there are no related parties involved in the transaction.

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