Umm Al Qura for Development and, SA169G7I3IH8

Umm Al Qura for Development stock reports H1 profit decline

Published on 10/07/2026 at 10:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Umm Al Qura for Development stock posted SAR 261.03 million in H1 2026 net profit, down 34.14 percent year over year. MASAR land sales add liquidity.

Umm Al Qura for Development and, SA169G7I3IH8, Illustration mit AI erstellt.

Umm Al Qura for Development and Construction Company (ISIN SA169G7I3IH8) was trading at SAR 17.08 on Tadawul on October 7, 2026, with a market capitalization of SAR 24.6 billion. The company reported H1 2026 net profit of SAR 261.03 million, a 34.14 percent decline from SAR 396.34 million in H1 2025, according to Mubasher.

Profit falls as development advances

The H1 result gives the stock a more complex operating backdrop than the MASAR expansion story alone. The SAR 135.31 million year-over-year profit reduction contrasts with the company's large development pipeline and highlights the earnings sensitivity of land transactions and project timing.

Umm Al Qura owns, develops and operates MASAR Destination in Makkah. Its investor-relations page puts the project's estimated total development cost at SAR 100 billion and lists SAR 2.90 billion of total revenue for 2025, alongside 203 investment land plots and approximately 642,000 square meters of land area, according to Umm Al Qura.

MASAR sales support liquidity

Recent plot disposals provide a concrete financing link to the development plan. TradeArabia reported on October 1, 2026, that Umm Al Qura signed agreements for two MASAR plots worth SAR 183.7 million and SAR 251.8 million. The disclosed values add to SAR 435.5 million, with proceeds intended for working capital and ongoing projects.

For investors, the key tension is visible in the numbers: asset monetization is generating liquidity, while H1 net profit is moving lower. The company also plans to use the plots for hospitality towers, keeping the sales program tied to future development rather than a simple asset exit.

Consensus target remains above price

Investing.com lists a Strong Buy consensus from 1 analyst, with an average, high and low 12-month price target of SAR 21.50. Against the October 7 price of SAR 17.08, that target lies 25.9 percent above the stock.

Investing.com also identifies December 2, 2026 as the next earnings date. That checkpoint will show whether MASAR transactions and project execution are translating into recurring earnings after the H1 decline.

Umm Al Qura stock trades below yearly high

Umm Al Qura stock was trading at SAR 17.08 on Tadawul at 10:45 a.m. AST on October 7, 2026, down SAR 0.11 or 0.64 percent from the prior close. The session range was SAR 17.05 to SAR 17.18, while the 52-week range stood at SAR 14.54 to SAR 24.86.