Umm Al Qura for Development and, SA169G7I3IH8

Umm Al Qura sells four Masar pl what it means for Umm Al Qura stock

Published on 10/09/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The SAR 603.76 million sale covers 12,157 square meters in Masar. The target for Umm Al Qura stock is SAR 21.50, with results due December 2, 2026.

Key points in brief

Umm Al Qura signed sales agreements for four Masar plots worth SAR 603.76 million on September 21, 2026.
The plots cover 12,157 square meters and are planned for three residential towers and one hospitality tower.
Umm Al Qura stock was last at SAR 16.30 on Tadawul on October 8, 2026, versus a SAR 24.85 52-week high.
The average 12-month target is SAR 21.50, while the next earnings date is December 2, 2026.

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

Umm Al Qura for Development and Construction Company had signed sales agreements for four Masar Destination plots worth SAR 603.76 million on September 21, 2026, according to Gulf Construction. The transaction covers 12,157 square meters in Zone 3 and is intended to support working capital and ongoing projects.

Three Masar milestones

On August 3, 2026, Umm Al Qura reported quarterly revenue of SAR 915.87 million and net income of SAR 216.10 million, according to Investing.com. On September 30, 2026, it executed a SAR 251.80 million sale agreement for a 3,341-square-meter plot, as Trade Arabia reported.

The September 21, 2026 transaction was larger, with four plots planned for three residential towers and one hospitality tower, according to Gulf Construction.

What does the sale mean for liquidity?

The proceeds give the developer a quantified source of funding while MASAR remains its central asset. Umm Al Qura's investor-relations page identifies MASAR as the company's owner-operated destination and puts its estimated total development cost at SAR 100.00 billion, with SAR 2.90 billion of revenue in 2025 and 203 investment land plots, according to Umm Al Qura. The contrast between SAR 603.76 million in land proceeds and the SAR 100.00 billion project cost shows why asset sales are financially material but remain one part of a much larger development program.

Dates and valuation markers

Investing.com lists December 2, 2026 as the next earnings date and shows an average 12-month target of SAR 21.50. The target is SAR 5.20 above the last Tadawul quote of SAR 16.30, a 31.90 percent premium based on those two Saudi riyal values.

Stock remains below its yearly high

Umm Al Qura stock was last at SAR 16.30 on Tadawul on October 8, 2026, versus a previous close of SAR 16.96. The 52-week range was SAR 14.54 to SAR 24.85, leaving the last quote 34.41 percent below the high and giving the land-sale proceeds a market context.

Market context: Latest market reports.