Umm al-Qura extends real estate MOU

Al Maqura Company for Development and Construction announced an extension of the non-binding memorandum of understanding signed with two companies to establish a private real estate fund. This extension is to complete the related regulatory procedures for establishing the fund until September 30, 2026, or until its completion. The purpose of this extension is to provide additional time to fulfill the regulatory requirements without incurring extra costs or any current financial impact.

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