Makkah Construction and Development Co (MCDC) News - Mubasher Info
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07 April 02:52 PM

Makkah Construction and Development Co (4100)

Last update: 02:32 PM market time.
84.35
-1.10
-1.29%
Open 85.40
Previous Close 85.45
High 85.40
Low 83.75
Stock Statistics
Volume 78,554
Turnover 6,639,196.15
All data are 15 minutes late during market session

News

Sales shrank by 44% to SAR 56 million in H1-21
3 August 2021 03:39 PM Makkah Construction turns to losses at SAR 14m in H1-21
Riyadh – Mubasher: Makkah Construction and Development Company incurred net losses after Zakat and tax worth SAR 14 million in the first half (H1) of 2021, against net profits of SAR 15 million in H1-20. The company posted a loss per share of SAR …
Real estate
Makkah Construction incurred net losses of SAR 59 million in 2020
20 April 2021 10:35 AM Makkah Construction’s shareholders nod to non-distribution of dividends
Riyadh – Mubasher: The shareholders of Makkah Construction and Development approved, during the ordinary general meeting (OGM) on Monday, the board’s recommendation of not distributing cash dividends for 2020. The shareholders reached this …
General Assembly
Revenues shrank by 74.2% last year to reach SAR 123 million.
9 March 2021 10:18 AM Makkah Construction turns to loss in 2020; no dividends proposed
Riyadh – Mubasher: Makkah Construction and Development Company swung to net losses of SAR 59 million in 2020, against net profits of SAR 236 million in 2019. The move to loss was due to the decrease in revenues and occupancy rates of the …
Cash Dividends
Photo Archive
8 October 2020 09:07 AM Makkah Construction exempts tenants from rent for six months
Riyadh – Mubasher: Makkah Construction and Development Company’s board approved by circulation exempting tenants at the company’s shopping centre from rental fees for a period of six months. The move aims to support the centre’s tenants amidst the …
Management Decisions
The quarterly losses amounted to SAR 25 million
16 August 2020 04:09 PM Makkah Construction swings to loss in Q2
Riyadh – Mubasher: Makkah Construction and Development Company turned to losses of SAR 25 million in the second quarter (Q2) ending 30 June 2020, versus net profits of SAR 87 million in the corresponding period in 2019. The move to losses is …
Real estate
The Q1 profits totalled SAR 41 million
15 June 2020 05:15 PM Makkah Construction profits shrink 14% in Q1-20
Riyadh – Mubasher: Makkah Construction and Development Company has logged SAR 41 million in net profits after Zakat and tax over the first quarter (Q1) of 2020, compared with SAR 48 million, posting a 14.5% year-on-year (YoY) decline. Sales …
Financial Results
The Saudi firm’s revenues went down to SAR 477 million
12 March 2020 10:25 AM Makkah Construction reports SAR 236m profit in 2019; dividends proposed
Riyadh – Mubasher: Makkah Construction and Development Company reported a 16.6% year-on-year decline in its net profits for the fiscal year 2019. Net profits after Zakat and taxes slid to SAR 236 million last year, compared to SAR 283 million in …
Cash Dividends
The company already received the first tranche of the loan
10 November 2019 05:11 PM Makkah Construction pens SAR 450m credit facility with Bank Albilad
Riyadh – Mubasher: Makkah Construction and Development Company has signed a SAR 450 million credit facility with Bank Albilad. The nine-year facility will be used to finance renovation and development in hotels and towers in Makkah, according to …
Companies Investments
Revenues of the Saudi firm decreased to SAR 129 million in Q3-19
10 November 2019 04:34 PM Makkah Construction logs SAR 209m profits in 9M
Riyadh – Mubasher: Makkah Construction and Development Company reported a 9.7% year-on-year drop in its net profits during the third quarter of 2019, registering SAR 74 million. Revenues of the Saudi firm decreased by 10.4% to SAR 129 million in …
Real estate
Net profits grew to SAR 87 million in Q2-19
26 August 2019 04:50 PM Makkah Construction posts SAR 87m profits in Q2
Riyadh – Mubasher: Makkah Construction and Development Company reported its interim financial results for the second quarter of 2019. Net profits after zakat and tax grew by 24.28% to SAR 87 million in Q2-19, compared to SAR 70 million in Q2-18, …
Company News
Millennium MEA is currently operating 4,067 keys in Saudi Arabia
16 June 2019 05:12 PM Millennium MEA confirms exclusive rights to operate Makkah Millennium Hotel
Riyadh – Mubasher: Millennium Hotels and Resorts Middle East and Africa has addressed its guests “with deep regrets” for the inconvenience they might have encountered during their stay at Makkah Millennium Hotel and Towers following the recent …
Corporate Actions
Terminating the joint agreement should be effective as of 13 June 2019
13 June 2019 05:28 PM Makkah Construction ends agreement with Millennium and Copthorne
Riyadh – Mubasher: Makkah Construction and Development Co announced that it has terminated any contracts with its subsidiary in Makkah City, Millennium and Copthorne Middle East Holdings Limited company. Makkah Construction has ended the agreement …
Companies Investments
MCDC’s profit after zakat and taxes reached SAR 48 million
16 May 2019 11:43 PM Makkah Construction’s profits go up 2.1% YoY in Q1
Riyadh – Mubasher: Makkah Construction and Development Company (MCDC) on Thursday reported a 2.13% year-on-year profit increase during the first quarter of the current fiscal year. MCDC’s profit after zakat and taxes reached SAR 48 million in the …
Financial Results
The Saudi Arabian developer’s net profits rose to SAR 283 million
2 May 2019 00:05 PM Makkah Construction’s shareholders approve SAR 2/shr dividends
Riyadh – Mubasher: Makkah Construction and Development Company (MCDC) on Thursday announced that its shareholders had approved distributing a cash dividend of SAR 2 per share for the fiscal Hijri year ended 30 Rabi Al Thani 1440H (8 January 2019) …
General Assembly
MCDC’s net profits amounted to SAR 283 million last year
25 March 2019 00:36 PM Makkah Construction profit rises 7% in 12M; dividends proposed
Riyadh – Mubasher: Makkah Construction and Development Company (MCDC) reported a 7.2% year-on-year net profit growth for the fiscal Hijri year ended 30 Rabi Al Thani 1440H (8 January 2019). The Saudi Arabian developer’s net profits, after zakat …
Financial Results
The real estate firms posted a net profit of SAR 457.41 million ($121.95 million) after calculating Zakat and Tax in Q3-18
12 November 2018 03:34 PM Saudi real estate firms turn profitable in Q3
By: Elsayed Gamal Riyadh – Mubasher: Companies listed on the Saudi Stock Exchange’s (Tadawul) real estate management and development sector turned a profit during the third quarter of 2018, against suffering losses in the year-ago period. The real …
Real estate
MCDC’s operating profits dropped 17.24% to SAR 48 million
28 May 2018 05:17 PM Makkah Construction & Development posts SAR 47m net profit in Q1
Riyadh – Mubasher: Makkah Construction and Development Company (MCDC) reported a 16.07% year-on-year decline in its net profit during the first quarter of the fiscal Hijri year 1439/1440, registering SAR 47 million. MCDC’s operating profits …
Financial Results
The annual net profit for Saudi developers dropped to SAR 1.35 billion in 2017
2 April 2018 04:59 PM Saudi property developers’ net profits hit 2.9% in Q4
By: Thabet Shehata Riyadh – Mubasher: Net profits of Saudi Arabia's real estate sector surged 2.86% in the fourth quarter, while registered a 23.68% drop in the full-year 2017. Saudi Arabia-listed developers’ net profit increased to SAR 609.18 …
Financial Results
The board recommended distributing cash dividends of SAR 2 per share
2 April 2018 09:38 AM Makkah Construction profit falls 11% in 12M
Riyadh – Mubasher: Makkah Construction and Development Company on Monday posted an 11.04% drop in its profits during the fiscal year ended 30-Rabi Al Thani 1439H. Net profits amounted to SAR 266 million in the last FY, down from SAR 299 million in …
Financial Results
The stock reached SAR 81.90, hitting its highest level in four sessions
19 December 2017 00:21 PM Makkah Construction hits all-time high since 2008 Tuesday
Riyadh – Mubasher: Makkah Construction and Development’s stock on Tuesday jumped 9.98%, registering its highest growth in more than nine years or since 13 October 2008 by 11:46 am KSA time on the Saudi Stock Exchange (Tadawul). The stock reached …
Trading Activities
Makkah to establish closed self-financed subsidiary with capital of SAR 3 million
17 September 2017 06:39 PM Makkah Construction to establish unit with SAR 3m capital
Riyadh – Mubasher: Makkah Construction and Development on Sunday said it started establishing a wholly-owned and self-financed closed subsidiary specialised in organising domestic Umrah with a capital of SAR 3 million. The Tadawul-listed firm …
Company News
Year-on-year, net profits retreated to SAR 106 million, from SAR 114 million, according to a statement to the Saudi Stock Exchange (Tadawul)
17 September 2017 05:59 PM Lower revenues push Makkah Construction profits down in Q2
Riyadh – Mubasher: Makkah Construction and Development on Sunday said its profits decreased by 7.02% year-on-year in its second quarter ended on 29 Shawwal 1438 Hijri date. Year-on-year, net profits retreated to SAR 106 million, from SAR 114 …
Financial Results
The contract has no certain value
5 July 2017 10:02 AM Makkah inks 20-yr deal with Millennium & Copthorne
Riyadh – Mubasher: Makkah Construction and Development has signed an agreement with Millennium & Copthorne Middle East Holdings to manage and operate Makkah’s hotels and towers in order to provide better service to its guests. The contract has a …
Companies Investments
The company will pay 25% cash dividends for the fiscal year ended 28 January 2017
9 June 2017 00:30 PM Makkah to start dividends distribution 12 June
Riyadh – Mubasher: Makkah Construction and Development will start distributing cash dividends for the fiscal year ended 28 January 2017 on 12 June. The company will pay 25% cash dividends or SAR 2.5 per share, totalling SAR 412.04 million, …
Cash Dividends
Revenues decreased 1.7% to SAR 115 million in the first quarter of this year
7 June 2017 10:03 AM Makkah posts lower revenues in Q1
Riyadh – Mubasher:  Makkah Construction and Development posted unchanged net profits of SAR 56 million ($14.93 million) in the period ended 29 Rajab 1438 (26 April 2017) compared to the year-ago period. Profits increased 3.7% compared to SAR 54 …
Financial Results