| Introduction | Umm Al Qura for Development and Construction Company announces the signing of a reservation agreement to sell a plot of land with a land area of 3,061.58 square meter within Masar Destination in Makkah |
| Memorandum Signing Date | 2025-11-19 Corresponding to 1447-05-28 |
| Counterparty | Arabian Dyar Real Estate Development Company |
| Memorandum Subject | In line with the development strategy for Masar Destination, Umm Al Qura for Development and Construction Company has signed a reservation agreement with Arabian Dyar Real Estate Development Company (the "Investor") to sell a plot of land within Masar Destination for a sale value of SAR 91,847,400 with the purpose of developing residential units. As per the reservation agreement, the Investor pays a deposit for the reservation of the plot of land with the plan to execute the final sale agreement during the duration of the reservation agreement |
| Memorandum Duration | Valid until 18 November 2026 |
| Related Parties | None |
| Financial Impact | A positive impact on liquidity from the receipt of the deposit upon signing the reservation agreement and a positive impact on the financial results upon completing the sale transaction or the expiry of the reservation agreement |
| Additional Information | Any material developments related to this matter will be announced |