02:11 AM EDT, 07/12/2026 (MT Newswires) -- Umm Al Qura for Development and Construction Co. (SASE:4325) entered into reservation agreements for the sale of three plots of land in Makkah, Saudi Arabia, at a price tag of 441.1 million Saudi riyals, according to a Sunday release. Watheeq Real Estate Opportunities Second Fund Co., the special purpose vehicle of a real estate fund managed by Watheeq Capital, is buying the properties spanning 7,387 square meters within zone 2 of Masar Destination to develop residential units. The Saudi real estate developer Umm Al Qura intends to execute final sale agreements before the validity of the reservation deals runs out on Nov. 1.

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