Umm Al Qura for Development and, SA169G7I3IH8

Umm Al Qura signs SAR 700 million deal: what it means for Umm Al Qura for Development and stock

Published on 10/12/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Numu project includes 460 hospitality units in Makkah. Analysts set a SAR 21.50 target for Umm Al Qura for Development and stock.

Key points in brief

Umm Al Qura signed a SAR 700.0 million Masar land sale agreement with Numu on October 1, 2026.
The planned serviced apartment tower includes 460 hospitality units in Makkah.
Investing.com lists one analyst rating and a SAR 21.50 average 12-month target.
Umm Al Qura reported SAR 2.90 billion in total revenue for 2025 on its investor-relations page.

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

Umm Al Qura for Development and Construction secured a SAR 700.0 million Masar land sale agreement on October 1, 2026, with Numu for a serviced apartment tower in Makkah. Gulf Construction reported that the project is planned to include 460 hospitality units.

Three Masar deals add scale

Gulf Construction reported that Umm Al Qura and Alinma Development II agreed to sell four Masar plots for SAR 603.76 million on September 21, 2026, covering 12,157 square meters. Proceeds were earmarked for working capital and ongoing projects.

On September 29, 2026, the company announced a SAR 1.2 billion agreement for two residential towers with 534 apartments. Gulf Construction said the deal covers Zone Two of Masar Destination.

What does the deal mean for scale?

The Numu agreement extends the same land monetization model into serviced apartments, adding 460 units to the destination pipeline while transferring development work to the partner. That structure gives Umm Al Qura a route to attract capital into Masar without carrying every construction obligation itself.

For financial context, the company's investor-relations page lists SAR 2.90 billion in total revenue for 2025 and an estimated SAR 100.0 billion total development cost for Masar on completion, according to Umm Al Qura. The scale comparison is material: the Numu investment equals 24.14 percent of the 2025 revenue figure.

Analyst target and next date

Investing.com lists one analyst rating for Umm Al Qura and an average 12-month target of SAR 21.50. The same page identifies December 2, 2026, as the next earnings date, giving the market a scheduled checkpoint for the land-sale strategy and first-half performance.

Saudi listing and project profile

Umm Al Qura owns, develops and operates Masar Destination, an urban redevelopment project in Makkah. Its shares trade on Tadawul under ticker 4325, and the company had a market capitalization of SAR 23.5 billion as of October 11, 2026.