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Makkah Construction and Development Company’s net profit fell 5.39% year on year in the third quarter of 2026 to SAR 80.8 million, compared with SAR 85.4 million. The company attributed the decline to a roughly SAR 12 million drop in profit from its Hajj segment due to differences in the timing of seasonal revenue recognition; a roughly SAR 9 million decrease in hospitality profit, with about a third of its rooms temporarily out of service; and a roughly SAR 2 million decline in investment returns. Improved retail profit, up about SAR 19 million, partly offset the decline. Revenue fell 46.75% to SAR 151.4 million, while profit for the first nine months rose 9.45% to SAR 415.6 million.
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