Masar agrees to sell three land plots
Masar Company has signed agreements to sell three plots of land in the Wajah Masar project in Mecca, with a total value approaching 240 million SAR. The deal includes the development of three residential towers, which is expected to have a positive impact on liquidity and financial results, as the proceeds will be used to finance current projects and activities. The transaction involves selling land at values exceeding its book value. Through the development of the project, the company aims to improve infrastructure and strengthen its real estate development strategy in the region.
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