2 Days
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الاقتصادية
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Source: الاقتصادية
2 Daysالاقتصادية
Source: الاقتصادية
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Umm Al Qura for Development and Construction Company “Masar” returned to profit growth in the third quarter, with net profit rising 29.1% year on year to SAR 666.9 million—its highest quarterly profit since its listing in early 2025—after three consecutive quarters of decline. Growth was driven by an increase in the value of land sold at Masar Destination in Mecca, lifting revenue 29.4% to SAR 1.64 billion and operating profit 43% to around SAR 775 million. During the quarter, the company completed the sale of 10 plots of land, including eight that had not been previously reserved, and signed agreements to reserve three more plots.
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