Umm Al Qura for Development and, SA169G7I3IH8

Umm Al Qura signed SAR 1.2 billion deal: Umm Al Qura stock gets SAR 21.50 target

Published on 10/13/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The project includes 534 apartments in Makkah's Masar Destination. Analysts set a SAR 21.50 target for Umm Al Qura stock.

Umm Al Qura signed a SAR 1.2 billion Masar Destination deal on October 8, 2026.
The residential project includes 534 apartments in Makkah.
First-half 2026 net profit fell 34.14 percent to SAR 261.03 million.
The average 12-month analyst target is SAR 21.50, versus a SAR 16.27 Tadawul quote on October 13, 2026.

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

Umm Al Qura for Development and Construction Company signed a SAR 1.2 billion Masar Destination deal on October 8, 2026, while analysts set a SAR 21.50 target for Umm Al Qura stock. The agreement covers two land plots for residential towers with 534 apartments, according to Gulf Construction.

What does the SAR 1.2 billion deal add?

The transaction expands the residential component of MASAR, Umm Al Qura's large redevelopment project in Makkah. The two towers are planned for Zone Two and form part of a development strategy combining residential, hospitality, retail and service uses.

The agreement follows a SAR 168.91 million land sale signed on September 15, 2026. The plot covered 2,500 square meters, carried a SAR 76.01 million book value and was sold to Rawajeh Real Estate, according to Mubasher.

Profit fell in the first half

The operating backdrop is mixed. Umm Al Qura reported SAR 261.03 million in net profit for the first half of 2026, down 34.14 percent from SAR 396.34 million in the first half of 2025, while the latest quarter produced revenue of SAR 915.87 million and net income of SAR 216.10 million, according to Investing.com. The land transactions therefore add liquidity and project activity as reported earnings remain under pressure.

Three dated milestones shape the story

On August 3, 2026, the company reported second-quarter revenue of SAR 915.87 million and net income of SAR 216.10 million. On September 15, 2026, it signed the SAR 168.91 million land sale. On October 8, 2026, it announced the SAR 1.2 billion residential tower investment, making the latest deal the largest of the three milestones by transaction value.

Next date for investors

Investing.com lists December 2, 2026, as the next earnings date. The same source lists one analyst target at SAR 21.50, while the company describes MASAR as a project with an estimated total development cost of SAR 100.0 billion and 2025 revenue of SAR 2.90 billion in its investor-relations materials.

Market value and project scale

Umm Al Qura shares were quoted at SAR 16.27 on Tadawul at 7:47 a.m. CEST on October 13, 2026, according to structured market data. The market capitalization was SAR 23.4 billion, and the 52-week range was SAR 14.54 to SAR 24.85. The quote places the stock below the SAR 21.50 analyst target, but the target and the current quote are different currencies from the Lang and Schwarz euro framework and are presented here only as Saudi market context.