_1777294237270_124456903.png&w=48&q=75){kind=small}
Makkah's Q2 profit rises to 172.6M
Makkah Company for Construction and Development announced that its profits increased by 19.69% in the second quarter of 2026, reaching 172.6 million SAR, compared to 144.2 million SAR in the same period last year. This growth was driven by improved performance in the hotel and tower sectors, due to increased demand for Umrah services ahead of the Hajj season, higher occupancy rates, and increased room prices. Additionally, revenue from the shopping center rose through higher leasing rates. The company also recorded an 80.6% year-on-year increase in total revenues, reaching 700.9 million SAR, while profits for the first half of the year grew by 13.76% to 334.8 million SAR, with revenues increasing to 952.3 million SAR.
Notice: This Is an AI-Generated Summary
Comments (0)