Masar sold 2 land plots for SAR 328.8 mln
Umm Al Qura for Development and Construction Co. (Masar) completed the sale of two land plots to Shulat Al-Wadi Real Estate Co., a special purpose vehicle (SPV) of a real estate fund managed by SEDCO Capital, within the Masar Destination project, for a total agreed sale value of SAR 328.8 million, according to a statement to Tadawul. 
The value of the first plot amounts to SAR 195.3 million, while the second plot is valued at SAR 133.5 million.
The combined book value of the two plots stands at SAR 180.67 million (with the first plot’s book value at SAR 107.62 million and the second at SAR 73.04 million).
According to Argaam’s data, the company generated a capital gain of SAR 148.13 million from the sale of the two plots.
On Sept. 1, 2025, Masar inked two reservation agreements to sell the two land plots with a total area of 5,311 square meters within the Masar Destination project to Shulat Al-Wadi Real Estate Co. for SAR 328.8 million.
Masar sold 2 land plots for SAR 328.8 mln
Umm Al Qura for Development and Construction Co. (Masar) completed the sale of two land plots to Shulat Al-Wadi Real Estate Co., a special purpose vehicle (SPV) of a real estate fund managed by SEDCO Capital, within the Masar Destination project, for a total agreed sale value of SAR 328.8 million, according to a statement to Tadawul.
The value of the first plot amounts to SAR 195.3 million, while the second plot is valued at SAR 133.5 million.
The combined book value of the two plots stands at SAR 180.67 million (with the first plot’s book value at SAR 107.62 million and the second at SAR 73.04 million).
According to Argaam’s data, the company generated a capital gain of SAR 148.13 million from the sale of the two plots.
On Sept. 1, 2025, Masar inked two reservation agreements to sell the two land plots with a total area of 5,311 square meters within the Masar Destination project to Shulat Al-Wadi Real Estate Co. for SAR 328.8 million.
