Brand of Umm Al-Qura Improvement and Reconstruction Firm – Masar
Firm introduced Umm Al-Qura for Improvement and Reconstruction (The proprietor, developer and operator of the Masar vacation spot undertaking) has introduced the completion of the sale of two plots of land with Shulaat Al Wadi Actual Property Firm (the particular objective automobile for an actual property fund managed by SEDCO Capital) inside the Masar vacation spot undertaking, with a complete agreed-upon sale worth of 328.8 million riyals.
The corporate defined in a press release on Tadawul that the worth of the primary land is 195.3 million riyals and the worth of the second land is 133.5 million riyals for the aim of creating housing models by the fund.
She added: The overall e-book worth of the 2 lands is 180.67 million riyals (the e-book worth of the primary land is 107.62 million riyals and the e-book worth of the second land is 73.04 million riyals).
In line with calculations numbersThe corporate achieved a capital revenue from the sale of the 2 lands amounting to 148.13 million riyals.
It’s noteworthy that, on September 1, 2025, Masar had signed two reservation agreements to promote two plots of land with an space of 5,311 sq. meters, inside the Masar Vacation spot Challenge, with Shoalat Al Wadi Actual Property Firm (the particular objective firm for an actual property fund managed by SEDCO Capital), with a complete agreed-upon sale worth of 328.8 million riyals.
It’s noteworthy that Masar has bought 22 lands within the Masar Vacation spot Challenge in Makkah Al-Mukarramah since its itemizing on the principle market final March, with a worth amounting to three.83 billion riyals. As the next desk reveals:
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Particulars of Masar’s sale offers for lands within the Masar Vacation spot Challenge
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Commercial date
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Land space
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Variety of lands
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Promoting worth
(million riyals)*
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The e-book worth of the asset
(million riyals)
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June 29, 2025
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2500.11
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1
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255.76
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128.07
|
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June 30, 2025
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2703.50
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1
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264.94
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145.92
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June 30, 2025
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2359.27
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1
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145.33
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71.89
|
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July 9, 2025
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5368.97
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2
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235.05
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132.40
|
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July 28, 2025
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15573.84
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5
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628.46
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341.81
|
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August 17, 2025
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2671.21
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1
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145.12
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76.51
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September 2, 2025**
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5311.01
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2
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328.80
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180.67
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September 8, 2025**
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4886.02
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2
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438.82
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—
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September 21, 2025
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5500.08
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2
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275.00
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145.70
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October 1, 2025**
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3835.31
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1
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220.61
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—
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November 17, 2025**
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9613.58
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3
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689.33
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—
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November 18, 2025
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2861.79
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1
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204.62
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103.89
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*Not together with taxes and costs borne by the customer.
**Reservation settlement
In line with the prospectus, the corporate goals to promote 111 plots of land out of the whole 205 plots of land it owns, goals to lease 28 properties, and plans to develop 14 properties by the corporate, and develop 52 properties in partnership with strategic companions.
