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Umm Al-Qura sells land in Mecca's Masar for 169m
Al Qara Development and Reconstruction Company announced the signing of an agreement to sell a land plot at Maidan Masar in Mecca Al-Mukarramah for approximately 169 million SAR. The plot is located in Zone Two and overlooks the "Boulevard" pedestrian walkway, covering an area of 2,500 square meters. The deal was executed with Ruwajh Real Estate, a company involved in developing a residential tower on the site, as part of the Maidan Masar development strategy. The transaction is expected to enhance liquidity and improve the company's financial results, with proceeds to be used to fund working capital and existing projects. There is no third-party involved in this deal.
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