Umm Al Qura Signs Framework Agreements for Makkah Development Projects

MASAR

MASAR

4325.SA

0.00

On June 25, 2026, Umm Al Qura for Development and Construction Company announced that framework agreements for the development of Hindawiyah West and Hindawiyah South sites in Makkah were signed on June 24, 2026. The agreements were executed between the Royal Commission for Makkah City and Holy Sites and a consortium comprising Umm Al Qura for Development and Construction Company, Makkah Construction and Development Company, and Al Rajhi United Real Estate Company. The framework agreements establish principal terms and conditions for project development, fund structuring procedures, and appoint Umm Al Qura as the developer and exclusive marketing agent. The financial impact cannot be determined at this stage, with the company stating that material developments will be announced in due course.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96370&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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