Makkah Construction and Development Co (4100)

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News

23 September 08:29 AM Makkah Construction’s shareholders to vote on related-party transactions

Riyadh - Mubasher: Makkah Construction and Development Company has invited its shareholders to the 40th ordinary general meeting (OGM), scheduled for 13 October 2026. The meeting, to be conducted via modern technology, will address several …

General Assembly

3 August 08:58 AM Makkah Construction records 14% higher net profits in H1-26

Riyadh - Mubasher: Makkah Construction and Development Company posted a net profit of SAR 334.80 million in the first half (H1) of 2026, an annual leap of 13.76% when compared to SAR 294.30 million. The company’s revenue for the half-year period …

Company News

30 July 03:32 PM MCDC obtains SAR 880m financing from Bank Aljazira

Riyadh — Mubasher: Makkah Construction and Development Company (MCDC) announced the renewal of an existing Sharia-compliant financing facility with Bank Aljazira at a total value of SAR 880 million on 29 July 2026. The company selected the offer …

Real estate

7 July 10:19 AM MCDC pens SAR 372m deal with Innovative Roots Industrial

Riyadh – Mubasher: Makkah Construction and Development Company (MCDC) has signed a major renovation contract valued at SAR 372 million with Innovative Roots Industrial Company. The agreement covers the comprehensive refurbishment of guest rooms …

Company News

28 June 11:36 AM MCDC unveils framework agreements for Hindawiyyah projects

Riyadh – Mubasher: Makkah Construction and Development Company (MCDC) has announced a significant procedural milestone regarding the development of the Western and Southern Hindawiyyah districts in Makkah. Following the initial project award …

Companies Investments

25 June 07:52 PM Umm Al Qura for Development announces framework agreements for Makkah projects

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company (MASAR) has announced a significant milestone in the redevelopment of Makkah’s urban landscape following the signing of framework agreements for the Hindawiyah West and …

Companies Investments

18 June 11:13 PM Makkah Construction forms Audit Committee for upcoming board term

Riyadh – Mubasher: Makkah Construction and Development Company has formally disclosed the composition of its Audit Committee for the new Board of Directors term upon a resolution passed by the Board of Directors, according to a bourse. The …

Real estate

17 June 11:05 AM Makkah Construction unveils key appointments for new board term

Riyadh - Mubasher: Makkah Construction and Development Company has officially announced the appointment of its Chairman and Vice Chairman, alongside the formation of its specialized board committees, marking the start of a new governance cycle. …

Management Decisions

3 June 12:43 PM Makkah Construction’s shareholders approve SAR 300m dividends for 2025

Riyadh - Mubasher: The ordinary general meeting (OGM) of Makkah Construction and Development Company approved the board’s recommendation to distribute dividends totaling SAR 300 million for 2025. The group will pay out SAR 1.50 per share, …

Company News

1 June 01:01 PM Umm Al Qura launches new 5-year strategy, announces 2nd destination in Makkah

Riyadh – Mubasher: Umm Al Qura for Development & Construction Company, the owner, developer, and operator of Masar Destination, has announced the receipt of two letters of award for the development of the Hindawiya West and Hindawiya South sites - …

Real estate

1 June 09:13 AM Umm Al Qura, Makkah Construction join alliance for SAR 6bn development project

Riyadh – Mubasher: Umm Al Qura for Development and Construction Company received two letters of award from the Royal Commission for Makkah City and Holy Site for a development project with an estimated cost of SAR 6 billion. The company will join …

Companies Investments

10 May 06:05 PM Makkah Construction’s net sales jump to SAR 251.5m in Q1-26

Riyadh - Mubasher: Makkah Construction and Development Company achieved SAR 162.20 million in net profit attributable to the shareholders during the first quarter (Q1) of 2026. The quarterly profits were higher by 8.06% year-on-year (YoY) than SAR …

Real estate

11 March 10:14 AM Makkah Construction’s profits increase 15% in 2025; dividends proposed

Riyadh - Mubasher: Makkah Construction and Development Company logged 15.33% year-on-year (YoY) higher net profits attributable to the owners at SAR 474 million in 2025, compared to SAR 411 million. The earnings per share (EPS) grew to SAR 2.37 in …

Real estate

29 January 06:37 PM Bank Aljazira unveils SAR 1.5bn profits in 2025, facility deal with Makkah Construction

Riyadh – Mubasher: Bank Aljazira recorded 22.30% year-on-year (YoY) higher net profits at SAR 1.50 billion in 2025, compared to SAR 1.23 billion, according to the financial results. The earnings per share (EPS) rose to SAR 1 in the …

Financial Results

31 December 2025 04:01 PM Makkah Construction inks SAR 980m purchase deal

Riyadh - Mubasher: Makkah Construction and Development Company purchased a land plot in Makkah from Entrustment and Liquidation Center (infath) at SAR 980 million, according to a bourse filing. Located on Ajyad Street in Makkah, the land spans …

Companies Investments

5 November 2025 01:54 PM Makkah Construction’s net profits rise 17% in 9M-25

Riyadh - Mubasher: Makkah Construction and Development Company registered net profits totaling SAR 380 million in the first nine months (9M) of 2025, marking an annual increase of 16.92% from SAR 325 million. Revenues jumped by 34.12% to SAR 908 …

Financial Results

3 August 2025 07:57 AM Makkah Construction’s profits leap by nearly 15% in H1-25

Riyadh - Mubasher: Makkah Construction and Development Company achieved net profits valued at SAR 294 million in the first half (H1) of 2025, up 14.84% year-on-year (YoY) from SAR 256 million. The Saudi group posted revenues amounting to SAR 624 …

Real estate

5 May 2025 03:45 PM Makkah Construction's net profits leap to SAR 150m in Q1-25

Riyadh - Mubasher: Makkah Construction and Development Company reported 32.74% higher net profits at SAR 150 million in the first quarter (Q1) of 2025, compared with SAR 113 million in Q1-24. The earnings per share (EPS) surged to SAR 0.75 as of …

Real estate

6 March 2025 10:45 AM Makkah Construction unveils 23% higher profits in 2024, dividends proposal

Riyadh – Mubasher: Makkah Construction and Development Company registered SAR 411 million in net profit as of 31 December 2024, which marked a 23.05% year-on-year (YoY) growth from SAR 334 million. Revenues hiked by 14.36% to SAR 836 million last …

Cash Dividends

19 December 2024 08:03 PM Makkah Construction obtains regulatory nod for SAR 352m capital raise

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Makkah Construction and Development Company to increase its capital from SAR 1.64 billion to SAR 2 billion. In order to implement the transaction, the company will issue …

Management Decisions

3 November 2024 03:01 PM Makkah Construction posts SAR 325m net profits in 9M-24

Riyadh – Mubasher: Makkah Construction and Development Company generated net profits worth SAR 325 million in the first nine months (9M) of 2024, an annual leap of 26.95% from SAR 256 million. Revenues amounted to SAR 677 million in 9M-24, up …

Real estate

29 August 2024 09:50 AM Makkah Construction acquires 30% stake in First Avenue for SAR 341m

Riyadh – Mubasher: Makkah Construction and Development Company entered into share purchase agreements with 57 shareholders of First Avenue Real Estate Development Company on 27 August 2024. The Tadawul-listed company purchased 56.81 million shares …

Companies Investments

31 July 2024 10:44 AM Makkah Construction and Development posts 37% YoY higher profit in H1-24

Riyadh – Mubasher: The net profit of Makkah Construction and Development Company leapt by 36.89% year-on-year (YoY) to SAR 256 million during the first half (H1) of 2024 from SAR 192 million. The company’s revenue surged by 54.02% YoY to SAR 536 …

Real estate

30 June 2024 11:15 AM Makkah Construction and Development announces CEO resignation

Riyadh – Mubasher: The board of Makkah Construction and Development Company has accepted the resignation of Fahd Muhammad Al Fawaz from the position of CEO due to personal circumstance. The decision will be effective 1 July 2024, according to a …

Board of Directors

15 May 2024 03:15 PM Makkah Construction and Development logs 74% YoY higher profit in Q1-24

Riyadh – Mubasher: The net profit of Makkah Construction and Development Company jumped by 73.84% year-on-year (YoY) to SAR 113 million in the first quarter (Q1) of 2024 from SAR 65 million. Revenues surged by 32.14% YoY to SAR 185 million in …

Financial Results