Umm Al Qura for Development and Construction Company announces the sale of three plots of land within Masar Destination

Element List	Explanation
Transaction Details	Signing sale agreements for three plots of land located in zone 3 of Masar Destination Project in Makkah Al-Mukarrama with a total land area of 6,904.62 square meters
Transaction Amount	The total transaction value for the three plots of land is SAR 239,845,101 and for each is as follows:- The sale price of the first plot is SAR 75,133,030 The sale price of the second plot is SAR 77,274,902 The sale price of the third plot is SAR 87,437,169 (Excluding any associated taxes and fees which are borne by the buyer)
Transaction Conditions	None
Parties of the Transaction	First Party: For the first and second plots of land: Umm Al Qura for Development and Construction Company For the third plot of land: Al-Inma first Development Company Limited (The SPV for Al-Inma Makkah Development Fund I; all the units of which are owned by Umm Al Qura for Development and Construction Company) Second Party: Osus Abraj Bawabat Alrahmaniyah Company (The SPV of A real estate fund managed by Alrajhi Capital)
Transaction Financing Method	Not Applicable
Date of Entering Into The Transaction	2026-06-18 Corresponding to 1448-01-03
Description of Activity of The Asset Subject of The Transaction	three plots of land
Asset Book Value	The total book value for the three plots of land is SAR 114,190,363 and for each is as follows: First plot of land: SAR 36,440,920 Second plot of land: SAR 38,381,530 Third plot of land: SAR 39,367,913
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Not Applicable
Transaction reasons	Executing the development strategy for Masar Destination through the development of three residential towers by the buyer
Expected Impact of the Transaction on the Company and Its Operations	Positive impact on liquidity and financial results
Details of Using The Proceeds of the Asset Sale	Financing working capital and ongoing projects
Related Parties	None