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Umm Al-Qura approves financials and elects board
Al Qura Company for Development and Construction approved the financial statements and the Board of Directors' report for the fiscal year ending December 31, 2025. Shareholders approved the election of a new Board of Directors, which will serve from July 2026 to June 2030. The general assembly, attended by shareholders representing 76.25% of the capital, was held based on votes regarding internal policies and governance, as well as approval of credit facilities with Bank Al-Jazira and amendments to the auditor's fees. A nine-member Board of Directors was elected for a four-year term.
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