Masar Q1 Profit Jumps 3,219.3% to SAR 159.6 Mln

Umm Al Qura for Development and Construction Co. (Masar) announced on Sunday that its net profit rose 3,219.3% in the first quarter to SAR 159.6 million, compared to SAR 4.8 million in the same quarter last year. This came after today’s announcement of the preliminary financial results for the (three-month) period ending March 31, 2025.

Operational profit increased by 721.7% to SAR 175.7 million in the first quarter, compared to SAR 21.3 million in the same quarter last year.

Total equity (excluding non-controlling interests) for the three-month period reached SAR 15 billion, compared to SAR 12.4 billion in the previous period, an increase of 20.5%.

Profits per share for the current period reached SAR 0.12, compared to SAR 0.004 in the previous period.