On June 29, 2026, Umm Al Qura for Development and Construction Company announced the completion of sale transactions for two land plots within Masar Destination to Madar Al-Tase'e Company, a special purpose vehicle of a real estate fund managed by Alistithmar Capital. The total transaction value reached SAR 462,112,098, with the first plot selling for SAR 260,967,986 and the second for SAR 201,144,112. The sale agreements were signed on June 28, 2026, covering a combined area of 6,614 square meters, and the proceeds will be used to fund working capital requirements and ongoing projects while positively impacting the company's liquidity and financial results.

Original announcement:

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