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Umm Al Qura for Development and Construction to Sell Saudi Land Plot for SAR169 Million

MT Newswires·09/16/2026 01:52:26
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01:52 AM EDT, 09/16/2026 (MT Newswires) -- Umm Al Qura for Development and Construction Co (SASE:4325) agreed to sell a 2,500-square-meter land plot within the Masar Destination in Makkah, Saudi Arabia, to Rawajeh Real Estate Co. The plot will be sold for 168.9 million Saudi riyals, with proceeds earmarked for working capital and ongoing projects, the Tadawul-listed real estate developer said Wednesday.