7 Hrs
Source:
البلاد
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Investment Fund raises share in Umm Al-Qura to 21%
The Saudi Public Investment Fund increased its stake in Am Alqura for Development and Construction, the developer of the "Madar" destination, by 4.4% to reach approximately 20.7% by the end of Tuesday’s trading. Meanwhile, "Madar" reported an 8.7% decline in its profits in the second quarter of 2026, recording 216.1 million riyals compared to 236.68 million riyals in the same period of 2025. However, quarterly profits surged by 381% compared to the first quarter of 2026.
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