Umm Al Qura for Development and Construction Company announces the latest developments regarding the signing of two reservation agreements to sell two plots within Masar Destination

Element List	Explanation
Introduction	With reference to the announcement of Umm Al Qura for Development and Construction Company dated 17/11/2025 regarding the signing of two reservation agreements to sell two plots within Masar Destination
Previous Announcement	Announces the signing of a reservation agreements to sell two plots of land within Masar Destination
Date of Previous Announcement on Saudi Exchange’s Website	2025-11-17 Corresponding to 1447-05-26
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The sale transactions of the two reserved land plots in Zone 1 within Masar Destination have been completed with Madar Al-Tase'e Company (The SPV of a real estate fund managed by Alistithmar Capital) for the purpose of developing residential units by the Fund. The total transactions value for the two plots of land is SAR 462,112,098 and for each is as follows:- SAR 260,967,986 (First plot) SAR 201,144,112 (Second plot)
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 sale agreements were signed on 28/06/2026 corresponding 13\01\1448. The total book value for the two plots of land is SAR 255,927,403 and for each is as follows: SAR 142,766,619 (First plot) SAR 113,160,784 (Second plot) The total area of the two land plots is 6,614 square meters and for each is as follows: 3,740 square meters (First plot) 2,874 square meters (Second plot) These transactions will have a positive impact on liquidity and financial results, noting that the proceeds will be used to fund working capital requirements and ongoing projects