‎Masar says 2 land sale reservations expire without closure in Makkah

‎<p><img src="https://argaamplus.s3.amazonaws.com/8a6ec072-2469-4fa7-bb23-b41d07bd5e72.png"></p> <p class="ckeCaption" >Logo of Umm Al Qura for Development and Construction Company</p> <hr> <p >Umm Al Qura for Development Construction Co. (<a href="https://www.argaam.com/en/tadawul/tasi/masar" target="_blank">Masar</a>) announced the expiry of the two land reservation agreements signed with Mosa Abdulaziz Almosa and Sons Group Real Estate Holding for the sale of two plots within <a href="https://www.argaam.com/en/disclosures/projects/details/projectid/755" target="_blank">the Masar Destination</a> project in Makkah.</p> <p ></p> <p >The two sale transactions were not completed, the developer said in a statement to <strong>Tadawul</strong>.</p> <p ></p> <p >The company will retain the deposits received for the reservations in accordance with the terms of the agreements and will recognize them as other income, the statement added.</p> <p ></p> <p >Given the attractiveness of investment opportunities at the Masar Destination project and strong demand for available opportunities, Masar said it can conclude new deals for the same two land plots.</p> <p ></p> <p >According to data available with <strong >Argaam</strong>, the company signed, in September 2025, two reservation agreements to sell two plots of land with a combined area of 4,886 square meters within the Masar Destination for approximately SAR 438.82 million.</p> <p ></p> <p >In March, Masar announced the extension of the two reservation agreements with Mosa Abdulaziz Almosa until Sept. 4, 2026.</p>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

6th September 2026

Original report

argaam.com

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