11 Hrs
Source:
الاقتصادية
Source: الاقتصادية
11 Hrsالاقتصادية
Source: الاقتصادية
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Umm Al Qura for Development and Construction Company (“Masar”) reported net profit of SAR 666.9 million in the third quarter, up 29.1% year on year and its highest quarterly profit since listing, following three consecutive quarters of decline. Revenue rose 29.4% to SAR 1.64 billion, driven by an increase in the value of land sold despite the number of plots remaining unchanged. Operating profit climbed 43% to approximately SAR 775 million. The company completed the sale of 10 plots at the Masar destination in Makkah, including eight that had not been part of earlier reservations, and secured reservations for a further three plots.
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