Riyadh – Mubasher: Umm Al Qura for Development and Construction Company posted its highest-ever quarterly revenue for the period that ended on 30 September 2026
The net profit rose by 29.11% year-on-year (YoY) to SAR 666.92 million in the third quarter (Q3) of 2026. The developer attributed the performance to selling 10 land plots in its Masar destination project, which boosted quarterly revenue 29.43% to SAR 1.64 billion from SAR 1.27 billion.
Operating profit for Q3 reached SAR 774.78 million, reflecting an annual leap of 43.41%, despite higher operating expenses.
In the first nine months (9M) of 2026, the net profits increased by 1.65% to SAR 927.95 million from SAR 912.90 million in 9M-25.
Total revenues for the first nine months grew by 8.08% to SAR 2.63 billion, supported by sales of 17 plots compared to 15 in the previous year and rising market prices.
The company reported that 91 out of 203 investment plots in the Masar destination have now been transacted through sales, leases, or joint ventures (JVs).
Total equity stood at SAR 16.79 billion as of 30 September 2026, while earnings per share (EPS) for the nine-month period remained stable at SAR 0.65.
At the end of June 2026, the group logged net profits worth SAR 261.03 million, while the revenues hit SAR 995.52 million.
