Logo of Umm Al Qura for Development Construction
The transaction is valued at SAR 138.98 million, excluding taxes and fees (borne by buyer). 
Al-Inma Makkah Development Fund II is wholly owned by Umm Al Qura for Development and Construction Co.
According to a statement to Tadawul, the plot is located in Zone 3 of Masar Destination, overlooking Abdullah Uriaf Road, and spans 3,217 square meters.
The land has a total book value of SAR 59.67 million.
The company said the transaction aligns with its strategy to develop Masar Destination, as the buyer plans to develop a hospitality tower on the plot.
Proceeds from the sale will be used to finance working capital requirements and ongoing projects.
The company expects the transaction to have a positive impact on its liquidity and financial results.
Since its listing on the Main Market (TASI), Masar has completed land sales and signed reservation agreements for several plots within Masar Destination in Makkah, as shown in the table below:
Details of Land Sale Transactions in Masar Destination
Announcement Date
Land Area (sqm)
No. of Plots
Sale Value (SAR mln)*
Book Value (SAR mln)
June 29, 2025
2,500.11
1
255.76
128.07
June 30, 2025
2,359.27
1
145.33
71.89
July 9, 2025
5,368.97
2
235.05
132.40
July 28, 2025
15,573.84
5
628.46
341.81
Aug. 17, 2025
2,671.21
1
145.12
76.51
Sept. 2, 2025**
5,311.01
2
328.80
180.67
Sept. 8, 2025***
4,886.02
2
438.82
—
Sept. 21, 2025
5,500.08
2
275.00
145.70
Nov. 17, 2025**
3,000.00
1
227.22
—
Nov. 18, 2025
2,861.79
1
204.62
103.89
Nov. 19, 2025**
6,757.97
2
216.87
—
Nov. 20, 2025**
3,061.58
1
91.85
—
Dec. 28, 2025
7,408.58
2
228.41
93.39
Feb. 12, 2026
2,915.80
1
89.46
40.30
May 19, 2026
4,487.38
1
210.76
100.01
June 21, 2026
6,904.62
3
239.85
114.19
June 29, 2026
6,614.00
2
462.11
255.93
July 12, 2026
7,387.00
3
441.10
—
Sept. 16, 2026
2,500.00
1
168.91
76.01
Sept. 21, 2026
12,157.00
4
603.76
259.47
Sept. 22, 2026
3,835.31
1
220.61
120.90
Sept. 29, 2026
4,947.00
2
310.44
143.74
Sept. 30, 2026
2,750.00
1
183.74
82.68
Oct. 1, 2026
3,341.00
1
251.77
124.00
Oct. 26, 2026
3,217.00
1
138.98
59.67
*Excludes taxes and fees payable by the buyer.
** Reservation agreement.
***The agreement expired without the transaction being completed.
Logo of Umm Al Qura for Development Construction
The transaction is valued at SAR 138.98 million, excluding taxes and fees (borne by buyer).
Al-Inma Makkah Development Fund II is wholly owned by Umm Al Qura for Development and Construction Co.
According to a statement to Tadawul, the plot is located in Zone 3 of Masar Destination, overlooking Abdullah Uriaf Road, and spans 3,217 square meters.
The land has a total book value of SAR 59.67 million.
The company said the transaction aligns with its strategy to develop Masar Destination, as the buyer plans to develop a hospitality tower on the plot.
Proceeds from the sale will be used to finance working capital requirements and ongoing projects.
The company expects the transaction to have a positive impact on its liquidity and financial results.
Since its listing on the Main Market (TASI), Masar has completed land sales and signed reservation agreements for several plots within Masar Destination in Makkah, as shown in the table below:
Details of Land Sale Transactions in Masar Destination
Announcement Date
Land Area (sqm)
No. of Plots
Sale Value (SAR mln)*
Book Value (SAR mln)
June 29, 2025
2,500.11
1
255.76
128.07
June 30, 2025
2,359.27
1
145.33
71.89
July 9, 2025
5,368.97
2
235.05
132.40
July 28, 2025
15,573.84
5
628.46
341.81
Aug. 17, 2025
2,671.21
1
145.12
76.51
Sept. 2, 2025**
5,311.01
2
328.80
180.67
Sept. 8, 2025***
4,886.02
2
438.82
—
Sept. 21, 2025
5,500.08
2
275.00
145.70
Nov. 17, 2025**
3,000.00
1
227.22
—
Nov. 18, 2025
2,861.79
1
204.62
103.89
Nov. 19, 2025**
6,757.97
2
216.87
—
Nov. 20, 2025**
3,061.58
1
91.85
—
Dec. 28, 2025
7,408.58
2
228.41
93.39
Feb. 12, 2026
2,915.80
1
89.46
40.30
May 19, 2026
4,487.38
1
210.76
100.01
June 21, 2026
6,904.62
3
239.85
114.19
June 29, 2026
6,614.00
2
462.11
255.93
July 12, 2026
7,387.00
3
441.10
—
Sept. 16, 2026
2,500.00
1
168.91
76.01
Sept. 21, 2026
12,157.00
4
603.76
259.47
Sept. 22, 2026
3,835.31
1
220.61
120.90
Sept. 29, 2026
4,947.00
2
310.44
143.74
Sept. 30, 2026
2,750.00
1
183.74
82.68
Oct. 1, 2026
3,341.00
1
251.77
124.00
Oct. 26, 2026
3,217.00
1
138.98
59.67
*Excludes taxes and fees payable by the buyer.
** Reservation agreement.
***The agreement expired without the transaction being completed.
