| Introduction | With reference to the announcement of Umm Al Qura for Development and Construction Company (The Owner, Developer and Operator of "Masar" Destination) dated 30/06/2025 regarding the announcement of the Sale of a plot of land within Masar Destination |
| Previous Announcement | Umm Al Qura for Development and Construction Company (The Owner, Developer and Operator of "Masar" Destination) announces the Sale of a plot of land within Masar Destination |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-06-30 Corresponding to 1447-01-05 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Umm Al Qura for Development and Construction Company (The Owner, Developer and Operator of "Masar" Destination) announces that it terminated on 25/01/2026 the contract for the sale of a plot of land to Tomooh AlKhaleej Financial Company due to a breach by the buyer of a material contractual obligation constituting grounds for termination, in accordance with the terms and conditions of the contract |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | The expected financial impact resulting from the termination of the sale contract is a decrease in revenues for the year 2025 amounting to SAR 264,943,000 and a decrease in net profit amounting to SAR 119,025,870 noting that this has no material impact on the targeted profitability levels for the period. Further and due to the attractiveness of investment in Masar Destination and the strong demand for its available investment opportunities, Umm Al Qura for Development and Construction Company is confident of its ability to execute another deal on the same plot of land with a different investor |