Masar OKs Dinar Financial’s acquisition of SAR 235M land plots

Shareholders of Umm Al Qura for Development and Construction Co. (Masar) approved the transactions and contracts concluded in 2024 with Dinar Financial Co., its subsidiaries, or affiliated investment funds, during the extraordinary general meeting (EGM) held on June 25.

In a statement to Tadawul, the company stated that the transactions involved Dinar Financial acquiring two residential land plots within the Masar project. The sale, valued at SAR 235.05 million, was executed in accordance with the procedures outlined in the company's governance regulations and the Companies Law.

The EGM also approved all other agenda items, the statement added.