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Umm Al-Qura sells land in Masar project
Al Muqara Development and Reconstruction Company announced the completion of the sale of a land plot measuring 3,341 square meters within the "Masar" destination to the East Capital Fund Company for 251.77 million SAR, aimed at developing a hospitality tower on it. The deal was finalized on September 30, 2026, after completing the technical and division procedures, with the land's book value recorded at approximately 124 million SAR. This transaction will contribute to enhancing liquidity and supporting the company's capital to finance existing projects within the "Masar" destination.
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