Umm Al Qura for Development and, SA169G7I3IH8

Umm Al Qura secures SAR 1.2 billion deal. Umm Al Qura stock has SAR 21.50 target

Published on 10/19/2026 at 10:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Umm Al Qura signed a SAR 1.2 billion Masar deal on October 8, 2026. Umm Al Qura stock has a SAR 21.50 target.

Development pipeline and reporting date

Umm Al Qura signed a SAR 1.2 billion Masar agreement on October 8, 2026.
MASAR generated SAR 2.90 billion in revenue during fiscal year 2025.
Umm Al Qura is scheduled to release its next earnings report on December 2, 2026.

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

Umm Al Qura for Development and stock is tied to a SAR 1.2 billion Masar Destination development agreement dated October 8, 2026. Gulf Construction reported that the agreement covers two residential towers in Makkah, giving the company another monetization step inside its flagship destination.

Masar adds another SAR 1.2 billion project

The October 8 agreement covered two land plots in Zone Two of Masar Destination, with the planned development carrying a total investment of SAR 1.2 billion. The company owns, develops and operates MASAR, whose estimated total development cost is SAR 100 billion, according to its Umm Al Qura investor-relations page.

Three Masar agreements set the sequence

On October 1, 2026, Umm Al Qura reported a SAR 700 million agreement with Numu for a serviced apartment tower containing 460 hospitality units, as Gulf Construction wrote. On October 6, 2026, the company disclosed agreements for two Masar plots with a combined value of SAR 436 million, according to Gulf Construction. The October 8 transaction is the latest of the three dated developments.

What does SAR 1.2 billion mean?

The investment pipeline matters because MASAR generated SAR 2.90 billion in revenue during fiscal year 2025, while the company presents the destination as a SAR 100 billion development at completion. The project mix also spans hospitality and residential units, broadening the sources of future land and development activity.

When is the next company date?

Umm Al Qura's next earnings report is scheduled for December 2, 2026, according to Investing.com. The same page lists a SAR 21.50 average 12-month price target from one analyst and a 52-week range of SAR 14.54 to SAR 24.64.

Stock price and valuation context

Umm Al Qura traded at SAR 16.03 on Tadawul on October 19, 2026 at 9:38 a.m. CEST. Its market capitalization was SAR 23.1 billion on the same date, while the 52-week range stood at SAR 14.54 to SAR 24.64. The operating story therefore rests on converting Masar land agreements into delivered projects and reported earnings.