Makkah Construction and Development Co. — Capital/Financing Update 2025

Dec 31, 2025

Makkah Construction and Development Co. Announces the purchasing of a land plot in the amount of around SAR 980 million

4100 · 31/12/2025 09:13:59 · Announcement #92344 · View on Saudi Exchange

Makkah Construction and Development Co. Announces the purchasing of a land plot in the amount of around SAR 980 million

Element List	Explanation
Introduction	Makkah Construction and Development Co. announces the purchase of a land plot in an auction, which was held in Makkah by Adeer Real Estate Company, on Tuesday 30-12-2025.
Transaction Details	The purchase of a land plot located on Ajyad street in Makkah, with a total area of 6,985.88 square meters, approximately 500 meters away from the Grand Mosque plaza.
Transaction Amount	Around SAR 980 million including commission fees and real estate tax.
Transaction Conditions	None
Parties of the Transaction	Seller: Entrustment & Liquidation Center “Infath”

Buyer: Makkah Construction and Development Co. Transaction Financing Method The company’s own resources and bank facilities Date of Entering Into The Transaction 2025-12-30 Corresponding to 1447-07-10 Description of Activity of The Asset Subject of The Transaction The development of a mixed-use real estate asset comprising a hotel and a mall, consistent with the Company’s strategic direction. Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction Not Applicable Transaction reasons The transaction was made in line with the Company’s growth strategy to strengthen its portfolio of prime assets in close proximity to the Grand Mosque and create long-term value for shareholders through the development of income-generating assets that support recurring income. Expected Impact of the Transaction on the Company and Its Operations The transaction will enhance the Company’s assets and aligns with the Company’s growth strategy aimed at strengthening its portfolio of prime real estate assets. Related Parties None Additional Information None and the Company will announce any material developments in this regard.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.