Umm Al Qura for Development and Construction Co. — Capital/Financing Update 2025

Sep 21, 2025

Umm Al Qura for Development and Construction Company (The Owner, Developer and Operator of "Masar" Destination) announces the Sale of two plots of land within Masar Destination

4325 · 21/09/2025 08:00:18 · Announcement #90255 · View on Saudi Exchange

Umm Al Qura for Development and Construction Company (The Owner, Developer and Operator of "Masar" Destination) announces the Sale of two plots of land within Masar Destination

Element List	Explanation
Transaction Details	Signing of a Sale Agreement for two plots of land with a land area of 5,500.08 square meters within Masar Destination Project in Makkah Al-Mukarrama
Transaction Amount	275,004,000 Saudi Riyals (excluding any associated taxes and fees which are borne by the buyer)
Transaction Conditions	None
Parties of the Transaction	First Party:

"Al-Inma First Development Company Limited and Al-Inma Second Development Company Limited (The two SPVs for Al-Inma Makkah Development Fund I and Al-Inma Makkah Development Fund II respectively, all the units of both funds are owned by Umm Al Qura for Development and Construction Company)

"

Second Party:

Aswar Alpha Company (The SPV of a real estate fund managed by Alpha Capital) Transaction Financing Method Not Applicable Date of Entering Into The Transaction 2025-09-18 Corresponding to 1447-03-26 Description of Activity of The Asset Subject of The Transaction 2 Plots of land Asset Book Value 145,695,331 Saudi Riyal Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction Not Applicable Transaction reasons Executing the development strategy for Masar Destination through the development of residential towers by the buyer Expected Impact of the Transaction on the Company and Its Operations Positive impact on the group's liquidity and financial results Details of Using The Proceeds of the Asset Sale Financing working capital and ongoing projects Related Parties Not Applicable

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