Umm Al Qura for Development and, SA169G7I3IH8

Umm Al Qura signs SAR 493 million deal. Target for Umm Al Qura stock is SAR 21.50

Published on 10/15/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The project covers 300 units and follows SAR 2.90 billion in 2025 revenue. A 34.14 percent profit decline sets the earnings context for Umm Al Qura stock.

Masar expansion and earnings context

Umm Al Qura signed a SAR 493.00 million Masar agreement on October 4, 2026.
First-half 2026 net profit fell 34.14 percent to SAR 261.03 million.
One analyst target is SAR 21.50, while the next earnings date is December 2, 2026.

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

Umm Al Qura for Development and Construction (ISIN SA169G7I3IH8) signed a SAR 493.00 million land reservation and sale agreement on October 4, 2026. According to Umm Al Qura, the project with Sharq Al-Asimah Fund Company will add hospitality units at the Masar Destination in Makkah. Investing.com lists a SAR 21.50 12-month target for the stock and one analyst rating.

Three Masar deals set the sequence

On September 15, 2026, the company agreed to sell a Masar land plot for SAR 168.91 million, with a book value of SAR 76.01 million, according to Mubasher. On October 1, 2026, Umm Al Qura signed a SAR 700.00 million Numu project covering 460 hospitality units, as Gulf Construction reported. The October 4 agreement is the latest of the three transactions.

The deal sequence points to land monetization and new construction activity rather than a single project. The company says MASAR had estimated total development costs of SAR 100.00 billion and generated SAR 2.90 billion in revenue during 2025.

What does the project add?

The October agreement expands the hospitality pipeline while the earnings trend remains a counterweight. In the first half of 2026, net profit fell 34.14 percent to SAR 261.03 million from SAR 396.34 million in the first half of 2025, according to Mubasher. The land sales are intended to support liquidity, working capital and ongoing projects.

When are the next dates?

Investing.com gives December 2, 2026 as the next earnings date. Its market page also lists a SAR 21.50 target, equal to 33.54 percent above the SAR 16.07 Tadawul quote used for the October 15 market context.

Saudi market context

Umm Al Qura stock stood at SAR 16.07 on Tadawul on October 15, 2026 at 11:58 a.m. AST. The same quote showed a market capitalization of SAR 23.1 billion and a 52-week range of SAR 14.54 to SAR 24.64, placing the price SAR 1.53 above the yearly low.