Mecca General Assembly approves all agenda items

Makkah Construction and Development Company decided to approve all items on the agenda of the 40th Ordinary General Assembly, which was held on October 13, 2026, at the company's headquarters in Mecca, via the Tadawulaty platform. It also approved delegating its Board of Directors with powers related to competitive activities such as real estate development, hospitality, and retail for a period of one year or until the end of the delegated board cycle, whichever comes first. Additionally, the approval was given for the contract licensing worth approximately 372 million Saudi riyals with Al-Jathoor Al-Mubtakir Industrial Company, and the financing agreements with Bank Aljazira valued at 880 million Saudi riyals, without preferential conditions. The approval also extended to the other items on the agenda.

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