Logo of Makkah Construction and Development Co.
Makkah Construction and Development Co. obtained a license (No. 15) from the Ministry of Hajj and Umrah to serve 10,000 foreign pilgrims for a five-year period. The license is valid as of its issuance date, Feb. 20, 2023, according to a statement to Tadawul.
This license will be of great contribution and will open new horizons for Makkah Construction’s business.
The related financial impact will reflect positively on the company’s financial results in the coming years, the statement added.
Any material developments in this regard will be announced later, it noted.
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