Umm Al Qura Gains Non-Saudi Ownership Approval

MASAR

MASAR

4325.SA

0.00

On June 24, 2026, Umm Al Qura for Development and Construction Company announced that its "Masar Destination" project has been designated as a geographic area permitted for Non-Saudi real estate ownership within Makkah Al-Mukarramah city, following approval by the Council of Ministers. This designation is made in accordance with the Law of Real Estate Ownership by Non-Saudis and its implementing regulations. The Company expects this development to broaden the pool of eligible investors for investment opportunities in Masar Destination, though the financial impact cannot be determined at this time.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96318&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.

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