Masar extends reservation agreements for 2 land plots

09/03/2026 Argaam
Masar extends land reservation agreements linked to the Masar Destination project.

Masar extends land reservation agreements linked to the Masar Destination project.

Umm Al Qura for Development and Construction Co. (Masar) extended on March 8 two reservation agreements with Mosa Bin Abdulaziz Al Mosa and Sons Real Estate Co., to sell land plots within the Masar Destination project, according to a statement to Tadawul.

 

The reservation agreements were extended until Sept. 4, 2026, driven by procedural factors related to the two land plots.

 

It added that the two final sale agreements will be signed during the validity period of the reservation agreements.

 

In September 2025, Masar signed two reservation agreements to sell land plots within the Masar Destination project, spanning a combined area of 4,886 square meters for a total of SAR 438.82 million, data compiled by Argaam showed.

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