Makkah Construction and Development Co (4100)

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News

5 November 2025 04:00 AM 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 milli

Sector Reports

3 August 2025 04:00 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 milli

Real estate

5 May 2025 04:00 AM 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 31 Ma

Real estate

6 March 2025 04:00 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 year

Sector Reports

19 December 2024 09:03 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 04:01 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 …

Financial Results

29 August 2024 10:50 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 11:44 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 00:15 PM 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 04:15 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 01:09 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, …

Cash Dividends

21 December 2023 00:37 PM 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 …

Companies Investments

7 November 2023 05:55 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 10:52 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 …

Board of Directors

15 August 2023 05:01 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 …

Real estate

19 June 2023 01:06 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, …

Corporate Actions

23 May 2023 10:07 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 …

Financial Results

2 April 2023 00:44 PM Makkah Construction generates SAR 104m profits in 2022; dividends proposed

Riyadh – Mubasher: The net profits after Zakat and tax of Makkah Construction and Development Company reached SAR 104 million in 2022, higher by 85.71% than SAR 56 million in 2021. Revenues surged by 21.63% year-on-year (YoY) to SAR 253 million …

Board of Directors

1 January 2023 06:51 PM Makkah Construction’s profits hike 383% in over 3 months

Riyadh – Mubasher: Makkah Construction and Development Company recorded a 383.33% year-on-year (YoY) leap in net profit after Zakat and tax to SAR 58 million during the 13 June-30 September 2022 period, versus SAR 12 million. During the period …

Real estate

25 July 2022 06:14 PM Makkah Construction turns profitable at SAR 86m in H1-22

Riyadh – Mubasher: Makkah Construction and Development Company has turned to net profits after Zakat and tax of SAR 86 million during the first half (H1) of 2022, versus net losses of SAR 14 million in H1-21. The company also posted earnings per …

Financial Results

17 April 2022 03:24 PM Makkah Construction turns to profits in Q1-22 initial financials

Riyadh – Mubasher: Makkah Construction and Development Company has recorded net profits after Zakat and tax worth SAR 9 million during the first quarter (Q1) of 2022, against net losses of SAR 11 million in Q1-21. The company’s revenues stood at …

Real estate