Masar signs reservation agreements to sell 2 land plots at SAR 328.8M

Umm Al Qura for Development and Construction Co. (MASAR) signed on Sept. 1 two reservation agreements to sell two land plots within the Masar Destination project to Shoala Al-Wadi Real Estate Co., a special-purpose entity owned by a real estate fund managed by SEDCO Capital at a total value of SAR 328.8 million, according to a statement to Tadawul.

The land plot spans a total area of 5,311 square meters, with the first plot valued at SAR 195.3 million and the second plot at SAR 133.5 million.