Umm Al Qura for Development and Construction Company announces the signing of reservation agreements to sell three plots of land within Masar Destination

Umm Al Qura for Development and Construction (UAQ) signed reservation agreements to sell three plots of land in Zone 2 of Masar Destination, Makkah, for a total value of SAR 441,098,920.
The counterparty, Watheeq Real Estate Opportunities Second Fund Company, plans to develop residential units on the three plots, which cover a total land area of 7,387 square meters.
The agreements are valid until November 1, 2026, and require the fund to pay deposits for each plot, with final sale agreements to be executed during the reservation period.
UAQ expects a positive impact on liquidity from the initial deposits and a positive impact on financial results upon the completion of the sale transactions.