The company, known as Maccah For Construction & Urbanization Company was founded in accordance with the corporate regulations under Royal Decree No. M/50 dated 13/11/1408H (corporate bylaws (
⦁ Headquarters: The company is headquartered in Mecca, Saudi Arabia.
⦁ Inception: The foundation stone for the company’s first project was laid by the late King Fahd bin Abdul-Aziz, may God have mercy on him, on 9/3/1409H.
⦁ Inaugural General Assembly: The inaugural general assembly of Makkah Company for Construction and Development was held on 5/11/1409H
⦁ Establishment Announcement: The establishment of the company was officially announced through a decision by the Minister of Commerce, with a reference number 859, dated 21/11/1409H.
⦁ Commercial Registration: The company was registered in the commercial registry with the number 40301020101 on 1/12/1409H.
⦁ Authorized Shares: The company has an authorized share capital of 164,816,240 shares.
⦁ Capital: The declared and subscribed capital is 1,648,162,400 Saudi Riyals, and it has been fully paid.
⦁ First Commercial-Residential Complex: The company’s first commercial-residential complex in Mecca, overlooking the Holy Mosque, covers an area of 13,869 square meters, with a total built-up area of 228,000 square meters.
⦁ Activity: The company’s main activities include the development of areas adjacent to the Holy Mosque in Mecca, ownership, development, management, investment, purchase, and leasing of properties near the Holy Mosque, as well as the execution of all necessary engineering work related to construction, development, maintenance, demolition, and surveys.
⦁ Regional Expansion: The company aims to achieve its objectives in all regions adjacent to the Holy Mosque in Mecca through multiple phases in compliance with royal directives and royal orders.
⦁ Diversification: Additionally, the company may engage in any necessary or complementary activities to directly achieve its objectives or in partnership with other companies.