Umm Al Qura for Development and Construction Co. (4325)

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News

1 October 01:23 PM Umm Al Qura for Development unveils land plot sale in Masar Destination for nearly SAR 184m

Riyadh — Mubasher: Umm Al Qura for Development and Construction Company announced the sale of a land plot within the Masar Destination in Makkah for a total value of SAR 183.74 million, according to a bourse filing. The agreement was signed on 29 …

Company News

1 October 09:29 AM Umm Al Qura for Development completes SAR 252m land sale in Masar Destination

Riyadh — Mubasher: Umm Al Qura for Development and Construction Company has executed a sale and reservation agreement for a land plot within the Masar Destination for a total value of SAR 251.76 million. The agreement was signed on 30 September …

Company News

29 September 01:10 PM Umm Al Qura for Development sells land plots for SAR 310.5m

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company announced the sale of two land plots within the Masar Destination in Makkah for a total value of SAR 310.44 million. The transaction was executed on 28 September 2026, through …

Company News

23 September 07:35 AM Umm Al Qura for Development finalizes sale agreement at Masar Destination

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company has finalized the sale of a land plot within the Masar Destination for a total value of SAR 220.61 million. The transaction, executed on 21 September 2026, follows a …

Real estate

22 September 09:27 AM Umm Al Qura for Development unveils SAR 604m sale deal

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company announced the sale of four land plots within the Masar Destination in Makkah for a total value of SAR 603.76 million. The transaction, signed on 20 September 2026, involves Al …

Company News

17 September 04:55 AM Umm Al Qura for Development sells land plot for SAR 169m

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company inked a sale deal for a land plot within the Masar Destination in Makkah at a total value of SAR 168.91 million. The agreement, signed on 15 September 2026, involves the …

Real estate

6 September 03:48 PM Masar Destination announces expiration of 2 land sale agreements

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company announced the expiration of two reservation agreements for the sale of two land plots within the Masar Destination project in Makkah. The agreements, originally signed with …

Company News

3 August 07:42 AM Umm Al Qura for Development logs SAR 261m net profits in H1-26

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company witnessed net profits amounting to SAR 261.03 million for the first half (H1) of 2026, marking a 34.14% decline from SAR 396.34 million in H1-25. The company attributed the …

Real estate

23 July 09:51 AM Umm Al Qura for Development outlines 2026-2030 growth strategy

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company hosted its inaugural Capital Markets Day on 22 July 2026, where executive management detailed a strategic shift toward becoming a scalable growth platform. The company …

Real estate

12 July 04:43 PM Umm Al Qura for Development to develop 3 luxury towers for SAR 1.5bn

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar Destination, has signed a reservation agreement with the Watheeq Ajdan Real Estate Fund Company (fund managed by Watheeq Capital), …

Real estate

12 July 07:17 AM Umm Al Qura for Development inks SAR 441m land sale agreements

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company signed three reservation agreements on 9 July 2026 for the sale of land plots within the Masar Destination in Makkah for a total value of SAR 441.10 million. The agreements …

Real estate

2 July 03:35 PM Umm Al Qura for Development announces new board leadership

Riyadh – Mubasher: The Extraordinary General Meeting (EGM) of Umm Al Qura for Development and Construction Company approved the appointments of Chairman and Vice Chairman, the formation of its standing board committees, and the designation of …

Corporate Actions

2 July 11:55 AM Umm Al Qura for Development forms committees for new board term

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company has appointed a Chairman and Vice Chairman, along with the formation of its specialized board committees and the designation of company representatives for its fifth board …

Management Decisions

1 July 07:49 AM Umm Al Qura for Development extends MoU with BIM Capital, Ajbal

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company, listed on the Saudi Exchange as MASAR, has announced a formal extension to its non-binding memorandum of understanding (MoU) with BIM Capital and Ajbal Real Estate …

Company News

29 June 09:36 AM Umm Al Qura for Development finalizes SAR 462m land sale agreement

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company (MASAR) has announced the formal execution of sale agreements for two land plots within the project’s first zone. The transaction, valued at a total of SAR 462.11 million, …

Companies Investments

25 June 06:52 PM Umm Al Qura for Development announces framework agreements for Makkah projects

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company (MASAR) has announced a significant milestone in the redevelopment of Makkah’s urban landscape following the signing of framework agreements for the Hindawiyah West and …

Companies Investments

24 June 08:24 AM Umm Al Qura’s Masar Destination permitted non-Saudi real estate ownership

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company, a major developer in the Saudi real estate sector, announced that its flagship Masar Destination project in Makkah has been officially designated as a zone where non-Saudi …

Real estate

21 June 07:25 AM Umm Al Qura finalizes SAR 240m sale deals

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company has finalized agreements for the sale of three strategic land plots within the Masar Destination in Makkah. The transaction, valued at a combined total of SAR 239.85 million, …

Real estate

11 June 06:08 PM Umm Al Qura for Development elects new board amid financials ratification

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company, trading as MASAR on the Saudi Exchange, has convened its 15th Extraordinary General Assembly during which shareholders approved the fiscal reports for 2025. The shareholders …

Financial Results

9 June 07:26 PM Masar Gardens has initial investment of roughly SAR 6bn – Umm Al Qura

Riyadh – Mubasher: Umm Al Qura for Development and Construction has announced its 2026–2030 growth strategy that includes its 1.2 million-square-meter Masar Gardens project. The new mixed-use urban destination in Makkah has an initial …

Companies Investments

1 June 12:01 PM Umm Al Qura launches new 5-year strategy, announces 2nd destination in Makkah

Riyadh – Mubasher: Umm Al Qura for Development & Construction Company, the owner, developer, and operator of Masar Destination, has announced the receipt of two letters of award for the development of the Hindawiya West and Hindawiya South sites - …

Companies Investments

1 June 08:13 AM Umm Al Qura, Makkah Construction join alliance for SAR 6bn development project

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company received two letters of award from the Royal Commission for Makkah City and Holy Site for a development project with an estimated cost of SAR 6 billion. The company will join …

Company News

19 May 08:21 AM Umm Al Qura inks nearly SAR 211m sale deal

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company sold a plot of land within Masar Destination to Heyazah Osool Al Hejaz Development Company in exchange for SAR 210.76 million. Heyazah, the SPV of a real estate fund managed …

Real estate

3 May 11:48 AM Umm Al Qura logs SAR 45m net profits in Q1-26 interim financials

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company posted 71.85% year-on-year (YoY) lower net profits after tax valued at SAR 44.93 million in the first quarter (Q1) of 2026. The registered profits were compared with SAR …

Company News

30 March 10:57 AM Umm Al Qura secures SAR 500m financing from SAB

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company inked a Sharia-compliant revolving credit facility agreement with Saudi Awwal Bank (SAB) at a value of SAR 500 million. The loan, secured on 29 March 2026, will be used to …

Companies Investments