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Umm Al Qura for Development to Sell Land in Saudi Arabia for SAR252 Million

MT Newswires·10/01/2026 05:27:57
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05:27 AM EDT, 10/01/2026 (MT Newswires) -- Umm Al Qura for Development and Construction Co. (SASE:4325) signed a deal worth 251.8 million Saudi riyals to sell a land parcel in the Masar Destination in Makkah, Saudi Arabia. Sanduq Sharq AlAsemah Co. plans to develop a hospitality tower at the 3,341-square-meter plot after completing the purchase, the real estate developer said Thursday.