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Umm Al-Qura Signs 220.6M Riyal Land Deal
Al-Ma'qarah Development and Reconstruction Company announced the completion of a land sale transaction valued at 220.61 million SAR, covering an area of 3,835 square meters along King Abdulaziz South Road in Wajhat Masar, with the purpose of developing a hospitality tower. The agreement was signed on September 21, 2026, and is expected to have a positive impact on the company’s liquidity and financial results, as the proceeds will be used to finance current projects and working capital.
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