‎Masar shareholders OK Dinar Capital acquisition of SAR 235M project land

‎Masar shareholders OK Dinar Capital acquisition of SAR 235M project land ‎Masar shareholders OK Dinar Capital acquisition of SAR 235M project land

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Logo ofUmm Al Qura for Development and Construction Co. (Masar)

Umm Al Qura for Development and Construction Co.’s (Masar) shareholders approved the transactions and contracts concluded during the fiscal year ended Dec. 31, 2024, between the company and Dinar Capital, its subsidiaries, or investment funds it manages, during the meeting held on June 25.

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In a statement to Tadawul, the company stated that the transactions involve Dinar Capital acquiring two residential land plots within the Masar project. The sale was executed in accordance with the procedures outlined in the company’s governance regulations and the Companies Law, with a total value of SAR 235.05 million.

Shareholders also approved all other agenda items, the statement added.

 

Logo ofUmm Al Qura for Development and Construction Co. (Masar)

Umm Al Qura for Development and Construction Co.’s (Masar) shareholders approved the transactions and contracts concluded during the fiscal year ended Dec. 31, 2024, between the company and Dinar Capital, its subsidiaries, or investment funds it manages, during the meeting held on June 25.

For more news on listed companies

In a statement to Tadawul, the company stated that the transactions involve Dinar Capital acquiring two residential land plots within the Masar project. The sale was executed in accordance with the procedures outlined in the company’s governance regulations and the Companies Law, with a total value of SAR 235.05 million.

Shareholders also approved all other agenda items, the statement added.

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