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Makkah shareholders review 14 items
Makkah Construction and Development Company announced its invitation to its shareholders to attend the 40th Ordinary General Assembly meeting, scheduled for October 13, 2026. The meeting will discuss voting on 14 main items. These items include delegating the Board of Directors with powers for one year, as well as granting authorization for interest in contracts involving hotel and tower renovations valued at 371.97 million riyals, financing agreements with Bank Aljazira worth 880 million riyals, and lease contracts for exhibition halls amounting to up to 4.45 million riyals. The meeting will also discuss the interests of board members in competition-related activities and participation in future contracts, along with outlining the rights of shareholders to attend and vote.
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