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Umm al-Qura completes Jeddah land sale
Um Al-Qura for Development and Reconstruction Company sold a plot of land in Makkah within the Wajhat Masar project for 220.61 million SAR, to NuMu Company for Hospitality Tower Development. The land is located in Zone Two on King Abdulaziz Southern Road, with an area of 3,835.31 square meters, and had an book value of 120.90 million SAR. The transaction exceeds the book value by a factor of 1.82, which will help enhance liquidity and fund existing projects. The company had previously announced its intention to sell the land in October 2025.
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