| Element List | Explanation |
|---|---|
| Introduction | Umm Al Qura for Development and Construction Company announces the signing of two reservation agreements to sell two plots of land with a combined land area of 6,757.97 square meter within Masar Destination in Makkah |
| Memorandum Signing Date | 2025-11-18 Corresponding to 1447-05-27 |
| Counterparty | Buyot Al-Khomasiah Company (The SPV of a real estate fund managed by BLME Capital) |
| Memorandum Subject | In line with the development strategy for Masar Destination, Al-Inma First Development Company Limited and Al-Inma Second Development Company Limited (The SPVs for Al-Inma Makkah Development Fund I and II, all units of which are owned by Umm Al Qura for Development and Construction Company) have signed two reservation agreements with Buyot Al-Khomasiah Company (The SPV of a real estate fund managed by BLME Capital) (the "Fund") to sell two plots of land within Masar Destination for a combined sale value of SAR 216,873,574 (the value for the first plot of land is SAR 128,400,485 while for the second is SAR 88,473,089) with the purpose of developing residential units by the Fund. As per the two reservation agreements, the Fund pays a deposit for the reservation of each plot of land with the plan to execute the final sale agreements during the duration of the reservation agreements |
| Memorandum Duration | Valid until 20 November 2026 |
| Related Parties | None |
| Financial Impact | A positive impact on liquidity from the receipt of the deposit upon signing the reservation agreements and a positive impact on the financial results upon completing the sale transactions or the expiry of the reservation agreements |
| Additional Information | Any material developments related to this matter will be announced |
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