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Umm Al Qura for Development Sells Two Land Plots in Saudi Arabia for SAR228 Million

MT Newswires·12/28/2025 05:40:03
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05:40 AM EST, 12/28/2025 (MT Newswires) -- Umm Al Qura for Development and Construction Co. (SASE:4325) entered into a sale agreement with Arabian Dyar Real Estate Development worth 228.4 million Saudi riyals for two plots of land in Makkah Al-Mukarrama, Saudi Arabia. The plots cover a combined land area of 7,409 square meters within Masar Destination, where the buyer will develop two residential towers, according to a Sunday release. The real estate developer will use the proceeds to finance working capital and ongoing projects.