Latest news with #HomeInvestmentFund
Zawya
30-06-2025
- Business
- Zawya
Saudi: Umm Al Qura sells land plot in Masar project for $68.26mln
Riyadh - Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, has signed a land sale deal worth SAR 255.76 million. The transaction covers a 2,500 square meter plot within the Masar project in Makkah Al-Mukarramah, with a book value of SAR 128.07 million, according to a bourse disclosure. Umm Al Qura finalized the deal with the Home Investment Fund, a real estate investment fund managed by Jadwa Investment, on 26 June 2025. The transaction is expected to enhance Umm Al Qura's liquidity and positively impact its financial results. As of the end of March 2025, the Tadaul-listed company reported net profits worth SAR 159.66 million, marking an annual surge of 3,219% from SAR 4.81 million.
Argaam
29-06-2025
- Business
- Argaam
Masar signs land sale agreement for SAR 255.8M
Umm Al Qura for Development and Construction Co. (Masar) signed on June 26 a land sale agreement with Home Investment Fund (a real estate investment fund managed by Jadwa Investment), for a total value of SAR 255.76 million, excluding taxes and fees to be borne by the buyer. The company disclosed on Tadawul that the land area is 2,500 square meters and is part of the Masar Destination project in Makkah, noting that the book value of the asset is SAR 128.07 million. It expected a positive impact on its liquidity and financial results, noting that the proceeds from the asset sale will be used to finance working capital and ongoing projects. Masar aims to implement its investment strategy, confirming that there are no related parties involved in the contract.
