Umm Al-Qura sells land in Masar for 462.1M Riyals
Al Makkah Development and Reconstruction Company announced the completion of the sale of two land plots within the "Masar" Destination project, with a total value of 462.11 million SAR, to Mudar Al-Thani Company, aimed at developing residential units. The agreement was signed on June 28, 2026. The sale price for the first plot was 260.97 million SAR, and for the second plot, 201.14 million SAR, while the total book values of both plots amounted to 255.93 million SAR. The combined area of the two plots is 6,614 square meters. These transactions are expected to enhance liquidity and improve the company's financial results.
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