The Neoproterozoic period in the Jabal Sayid and Dayheen areas is characterized by three distinct magmatic phases: an early magmatic phase of granodiorite–diorite association, a transitional magmatic phase of monzogranites, and a highly evolved magmatic phase of peralkaline granites and associated pegmatites. The presence of various accessory minerals in the peralkaline granites and pegmatites, such as synchysite, bastnaesite, xenotime, monazite, allanite, pyrochlore, samarskite, and zircon, plays an important role as contributors of REEs, Zr, Y, Nb, Th, and U. The geochemical characteristics indicate that the concentration of these elements occurred primarily during the crystallization and differentiation of the parent magma, with no significant contributions from post-magmatic hydrothermal processes. The obtained geochemical data shed light on the changing nature of magmas during the orogenic cycle, transitioning from subduction-related granodiorite–diorite compositions to collision-related monzogranites and post-collisional peralkaline suites. The granodiorite–diorite association is thought to be derived from the partial melting of predominantly metabasaltic sources, whereas the monzogranites are derived from metatonalite and metagraywacke sources. The peralkaline granites and associated pegmatites are thought to originate from the continental crust. It is assumed that these rocks are formed by the partial melting of metapelitic rocks that are enriched with rare metals. The final peralkaline phase of magmatic evolution is characterized by the enrichment of the residual melt with alkalis (such as sodium and potassium), silica, water, and fluorine. The presence of liquid-saturated melt plays a decisive role in the formation of pegmatites.