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Umm Al Qura's Planned Sale of Two Land Plots in Saudi Arabia Falls Through

MT Newswires·09/06/2026 04:14:07
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04:14 AM EDT, 09/06/2026 (MT Newswires) -- Umm Al Qura for Development and Construction Co. (SASE:4325) on Sunday said the reservation agreements with Mosa Abdulaziz Almosa and Sons Group Real Estate Holding for the planned sale of property in Makkah, Saudi Arabia, expired without the signing of final sale contracts. The Saudi real estate developer executed the reservation agreements in September 2025 for the sale of two land plots within Masar Destination. Umm Al Qura will recognize the deposit retained for the reservation as other income.