Umm Al Qura sold four pl Umm Al Qura stock sits 34.43 percent below its high

Umm Al Qura for Development and Construction (SA169G7I3IH8) concluded four Masar land sales worth SAR 603.76 million on September 20, 2026, while its stock stood 34.43 percent below its 52-week high. Argaam reported the transaction on September 21, 2026.

Four plots support Masar expansion

The agreements cover 12,157 square meters in Zone 3 of Masar Destination in Makkah. The buyer plans three residential towers and one hospitality tower, according to Gulf Construction on October 8, 2026.

The sale value compares with a combined book value of SAR 259.47 million, while the reported capital gain was SAR 344.29 million. The proceeds are intended for working capital and ongoing projects, giving the transaction a direct liquidity role beyond the property transfer.

Stock remains below its yearly peak

On Tadawul, Umm Al Qura stock was at SAR 16.30 on October 8, 2026, compared with a 52-week range of SAR 14.54 to SAR 24.86. The gap to the high is 34.43 percent, calculated from the same-day quote and the stated yearly peak.

The market capitalization was SAR 23.4 billion on October 8, 2026. That valuation places the land sale at 2.57 percent of market capitalization, a useful scale comparison for the transaction, although the sale proceeds and market value measure different aspects of the company.

MASAR remains the central asset

Umm Al Qura's investor-relations page describes the company as the owner, developer and operator of MASAR Destination. It lists total revenue of SAR 2.90 billion for 2025, 203 investment land plots and an estimated total development cost of SAR 100 billion upon completion, according to Umm Al Qura.

The figures show why land monetization matters to the investment case: the four-plot transaction converts part of the development inventory into liquidity, while the company continues to carry a large multi-year construction program. The planned tower mix also links the sale to future hospitality and residential capacity rather than to a one-off disposal alone.

Market value and development scale

For investors, the central contrast is between SAR 603.76 million in recent land proceeds and SAR 100 billion in estimated total MASAR development cost. The stock's SAR 16.30 quote and SAR 23.4 billion market capitalization provide the dated market context for that long-term development model on October 8, 2026.

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