{
  "id": 17776178,
  "title": "Masar quarterly profit jumps 29% to SAR 666.9 million on land sales",
  "url": "https://urgent.news/2026/11/02/masar-quarterly-profit-jumps-29-to-sar-666-9-million-on-land-sales",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T09:16:20.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/business/n7zmb9dky"
  },
  "original_language": "en",
  "account": "Umm Al Qura for Development and Construction (Masar) reported a notable 29% increase in profit for the third quarter of the year, reaching SAR 666.9 million. This growth is primarily attributed to the rise in revenue from land sales, which contributed significantly to the company's overall financial performance. In comparison to the third quarter of 2025, Masar's profit surged by an impressive 208.6%, jumping from SAR 137.39 million to SAR 666.92 million. Additionally, when measured quarter-on-quarter, Masar's profit demonstrated an even more remarkable increase of 208.6%, climbing from SAR 216.1 million in the second quarter to the current quarter's figure.\n\nThe company's total revenue for the quarter amounted to approximately SAR 1.6 billion, marking a 29.4% increase compared to SAR 1.3 billion in the same quarter last year. This surge in revenue was largely driven by higher land sales, both in terms of value and the number of plots sold. Furthermore, Masar's quarterly revenue saw an overall increase of 79% quarter-on-quarter, rising from SAR 915.87 million in the second quarter to the current quarter's figure of SAR 1.6 billion. The company's management attributed this growth in revenue to the substantial increase in land sales, highlighting the effectiveness of their land sales strategy.",
  "summary": "Umm Al Qura for Development and Construction (Masar) reported a 29% rise in Q3 profit to SAR 666.9 million, driven by higher land sales revenue.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}