02:17 AM EDT, 08/05/2026 (MT Newswires) -- Dar Al Majdiah Real Estate (SASE:4326) signed a 395.8 million-Saudi-riyal agreement with Alistithmar Real Estate Fund 9 to develop two residential towers at the Masar Destination in Makkah, Saudi Arabia. The Saudi real estate company will serve as the master developer for the project, which will be built on a 6,614-square-meter site, and will work on planning, design, construction, and supervision, along with the marketing and sale of residential units, according to a Wednesday release. The project is expected to take 30 months from the issuance of the building permit, with the recognized revenue to be based on the percentage of completion.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.