21 Hrs
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مباشر
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Makkah profit falls in Q3
Makkah Construction and Development Co.’s net profit fell 5.39% in the third quarter of 2026 to SAR 80.8 million, compared with SAR 85.4 million in the same period last year. Revenue declined 46.75% to SAR 151.4 million. The company attributed the decline to differences in the timing of revenue recognition for the Hajj season, the temporary closure of around one-third of its hospitality rooms for development work, and lower investment returns. Growth in retail profits partly offset these factors. By contrast, the company’s profit for the first nine months rose 9.45% to SAR 415.6 million.
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