Riyadh – Mubasher: Umm Al Qura for Development and Construction Company has finalized the sale of a land plot within the Masar Destination for a total value of SAR 220.61 million.
The transaction, executed on 21 September 2026, follows a reservation agreement originally signed on 1 October 2025.
The plot is located in the second zone overlooking South King Abdulaziz Road and was sold to Numu Company for the development of a hospitality tower.
The land plot covers an area of 3,835.31 square meters and carries a book value of SAR 120.90 million.
According to the company, the transaction is expected to have a positive impact on liquidity and overall financial results.
Proceeds from the sale are earmarked for financing working capital requirements and supporting existing projects.
This final execution marks the completion of the terms set out in the previous regulatory disclosure regarding the reservation agreement for the site.
On a separate note, the company unveiled the sale of four land plots within the Masar Destination in Makkah for a total value of SAR 603.76 million.
