Umm Al Qura for Development and, SA169G7I3IH8

Umm Al Qura stock: Q3 profit rises 29.1% on land sales

Published on 11/12/2026 at 00:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Umm Al Qura stock is in focus after stronger quarterly earnings tied to land sales. Masar remains the company's central development platform.

Land sales drive quarterly earnings

Third-quarter revenue reached SAR 1.64 billion, up 29.4 percent year on year.
Nine-month profit rose 1.6 percent to SAR 927.95 million, while revenue increased 8.1 percent.
MASAR remains the company's main development platform in Makkah.

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

Umm Al Qura for Development and Construction reported a 29.1 percent year-on-year increase in third-quarter net profit to SAR 666.92 million, driven mainly by higher land-sale revenue. Ajel reported the results on Wednesday, November 11, citing the company's Tadawul statement for the quarter ended September 30, 2026.

Revenue expands on land sales

Quarterly revenue rose 29.4 percent to about SAR 1.64 billion from SAR 1.27 billion a year earlier. Revenue also increased 78.9 percent from the second quarter, when it stood at SAR 915.87 million, as the company sold more land plots.

For the first nine months, net profit attributable to shareholders edged up 1.6 percent to SAR 927.95 million from SAR 912.9 million. Revenue rose 8.1 percent to SAR 2.63 billion, with the company again pointing to higher land-sale proceeds and transaction volumes.

Masar anchors the development model

Umm Al Qura owns, develops and operates MASAR Destination, a major redevelopment project in Makkah. The company's investor-relations page describes MASAR as its core platform and gives an estimated total development cost of SAR 100 billion at completion. It also lists 203 investment land plots covering about 642,000 square metres and reports 2025 revenue of SAR 2.90 billion.