On July 30, 2026, Makkah Construction and Development Co. announced the renewal of its existing SAR 880 million Shariah-compliant financing facility with Bank AlJazira, obtained on July 29, 2026. The facility carries a duration of three months, renewable for successive three-month periods, and is secured by Saudi government sukuk owned by the Company. The renewal aims to provide the liquidity required to support the Company's funding needs and the execution of its strategic projects, thereby supporting growth and enhancing long-term shareholder value. The transaction was reviewed by the Audit Committee and approved by the Board of Directors, with related party members abstaining from deliberation and voting, in accordance with the Company's Corporate Governance Framework.

Original announcement:

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