Makkah Construction and Development Co (4100)

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News

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. …

Corporate Actions

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, …

Cash Dividends

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 - …

Company News

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 …

Real estate

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 …

Financial Results

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 …

Cash Dividends

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 …

Cash Dividends

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 …

Real estate

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 …

Real estate

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 …

Financial Results

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 …

Real estate

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 …

Corporate Actions

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 …

Real estate

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 …

Financial Results

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 …

Management Decisions

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

25 March 2024 00:09 PM Makkah Construction’s net profit jumps 114% YoY in 2023; dividends approved

Riyadh – Mubasher: The net profit of Makkah Construction and Development Company leapt 114.10% year-on-year (YoY) to SAR 334 million in 2023 from SAR 156 million. Revenues soared 58.57% YoY to SAR 731 million last year from SAR 461 million, …

Financial Results

21 December 2023 11:37 AM Jabal Omar eyes capital hike via debt conversion

Riyadh – Mubasher: Jabal Omar Development Company penned two debt settlement agreements with Central District Cooling Company and Makkah Construction and Development Company. The board members of Jabal Omar recommended a capital hike by way of …

Board of Directors

7 November 2023 04:55 PM Makkah Construction logs SAR 256m net profits in 9M-23

Riyadh – Mubasher: The net profits after Zakat and tax of Makkah Construction and Development Company amounted to SAR 256 million in the first nine months (9M) of 2023. The recorded net profits were higher by 124.56% year-on-year (YoY) than SAR …

Financial Results

11 September 2023 09:52 AM Makkah Construction appoints Al Fawaz as new CEO

Riyadh – Mubasher: Makkah Construction and Development Company named Fahad Mohammad Saleh Al Fawaz as its new CEO, according to a bourse disclosure. The board members accepted Al Fawaz’s appointment on 7 September, yet he will take over his new …

Management Decisions

15 August 2023 04:01 PM Makkah Construction’s H1-23 net profits jump 128% on higher revenue

Riyadh – Mubasher: Makkah Construction and Development Company achieved a net profit after Zakat and tax worth SAR 187 million in the first half (H1) of 2023, marking a 128.05% annual surge from SAR 82 million. The earnings per share (EPS) rose to …

Financial Results

19 June 2023 00:06 PM Makkah Construction announces 3 key appointments

Riyadh – Mubasher: Makkah Construction and Development Company named Saleh Muhammad Awad bin Laden as the new Chairman of the board for the coming three years. The Saudi firm also appointed Abdul Raouf Muhammad Abdullah Manna as the Vice Chairman, …

Board of Directors

23 May 2023 09:07 AM Makkah Construction posts 622% leap in Q1-23 profits

Riyadh – Mubasher: Makkah Construction and Development Company recorded net profits after Zakat and tax amounting to SAR 65 million in the first quarter (Q1) of 2023, an annual jump of 622.22% from SAR 9 million. The revenues stood at SAR 140 …

Real estate