About the company
- The company was established in accordance with the Companies Law by Royal Decree No. M/50 dated 13-11-1408H (the Company's Articles of Association).
- The company's headquarters is located in Makkah Al-Mukarramah.
- His Majesty King Fahd bin Abdulaziz, the Custodian of the Two Holy Mosques, may God have mercy on him, graciously laid the foundation stone for the company's first project on 9/3/1409H.
- The founding assembly of Makkah Construction and Development Company was held on 5/11/1409H.
- The establishment of the company was announced by the decision of His Excellency the Minister of Commerce No. 859 dated 21/11/1409H.
- The company's commercial registration was issued under No. 40301020101 on 1/12/1409H.
- The number of authorized shares is 164,816,240 shares.
- The authorized, subscribed, and fully paid capital is 1,648,162,400 Riyals.
- The area of the company's first commercial residential complex in Makkah Al-Mukarramah, overlooking the Holy Mosque, is 13,869 square meters, with a total built-up area of 228,000 square meters.
- The company's main activity: (Company's Purpose):
Developing the areas adjacent to the Holy Mosque in Makkah Al-Mukarramah. Owning, developing, managing, investing in, purchasing, and leasing properties adjacent to the Holy Mosque. Undertaking all necessary engineering works for construction, development, maintenance, demolition, and surveying related to them.
- The company may achieve its purposes in all areas adjacent to the Holy Mosque in Makkah Al-Mukarramah in multiple phases, in line with the implementation of the royal directives and the royal order issued in this regard.
- Additionally, the company may, as mentioned, undertake any necessary or complementary activities to achieve these purposes, either directly or in partnership with other companies.
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