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Umm Al Qura Q3 profit up

Umm Al Qura Q3 profit up

Umm Al Qura for Development and Construction Company (“Masar”) reported a 29.1% year-on-year increase in net profit for the third quarter of 2026, reaching SAR 667 million, compared with SAR 516.57 million. Net profit was also up 208.6% from the previous quarter. The company attributed the growth to higher revenue from land sales and an increase in the value of land sold. Revenue also rose 29.43% to SAR 1.64 billion.

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