02:35 AM EDT, 09/30/2026 (MT Newswires) -- Umm Al Qura for Development and Construction Co. (SASE:4325) entered a deal worth 183.7 million Saudi riyals to sell its land plot in Makkah, Saudi Arabia. The buyer, Makkiyoon Urban Developers, will construct a hospitality tower on the 2,750-square-meter site within Zone 2 of the Masar Destination, in line with the Taddawul-listed real estate developer's strategy, according to a Wednesday release. Umm Al Qura will use the sale proceeds for working capital and ongoing projects.

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