On June 21, 2026, Umm Al Qura for Development and Construction Company announced the sale of three plots of land totaling 6,904.62 square meters within zone 3 of the Masar Destination Project in Makkah Al-Mukarrama for SAR 239,845,101. The transaction was completed on June 18, 2026, with Osus Abraj Bawabat Alrahmaniyah Company, a special purpose vehicle of a real estate fund managed by Alrajhi Capital. The sale supports the development strategy for Masar Destination through the construction of three residential towers by the buyer, with proceeds to be used for financing working capital and ongoing projects, expected to have a positive impact on the company's liquidity and financial results.

Original announcement:

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