Abuateek assumed his current position in 2019. Umm Al Qura is the owner, developer, and operator of MASAR Destination, which will feature 54 hotels, 59 serviced apartment complexes, 66 residential towers, 22 retail developments, and four healthcare facilities as well as a 3.6 kilometers pedestrian boulevard. In March 2025, Umm Al Qura debuted on the Saudi Exchange’s Main Market. Its $523 million IPO was oversubscribed 241 times in the institutional tranche and 20 times in the retail tranche. In 2024, the company recorded total assets of $6.7 billion and revenues of $486.4 million, up 84.6% compared to 2023. Abuateek was previously the CEO of Dar Al Tamleek.