Umm Al Qura Development and Construction Company, the owner, developer and operator of the Masar Destination project, has announced the sale of two plots of land within the project with a total area of 7,408.58 square meters, in a deal that enhances the company's investments in developing its real estate assets.

The company's statement published on the “Tadawul” platform revealed that the total value of the transaction amounted to 228.4 million riyals.

The company's statement published on Tadawul revealed that the total transaction value amounted to SAR 228.4 million, where the first plot recorded a value of SAR 112.6 million and the second plot SAR 115.7 million, noting that these amounts do not include taxes and fees borne by the buyer.

The company's statement published on Tadawul platform revealed that the total value of the transaction amounted to SAR 228.4 million. The statement explained that the book value of the two plots before the sale amounted to SAR 93.4 million, where the value of the first plot was SAR 44.6 million and the second plot was SAR 48.7 million, reflecting that the company achieved a significant financial difference between the market value and the book value of the assets sold.

What is the difference between the market value and the book value of the assets sold?