Umm Al Qura Extends Real Estate Fund MOU Until September 2026

MASAR

MASAR

4325.SA

0.00

On July 1, 2026, Umm Al Qura for Development and Construction Company announced an extension of its non-binding memorandum of understanding with BIM Capital and Ajbal Real Estate Development Company to establish a real estate private fund. The MOU, originally signed on December 31, 2025, has been extended until September 30, 2026, or until the fund's establishment, whichever occurs first, to complete necessary regulatory steps. The company stated there is no financial impact at this stage, with any future material impacts to be disclosed in due course.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96537&anCat=1&cs=4325&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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