| Element List | Explanation |
|---|---|
| Introduction | Makkah Construction and Development Co. announces the purchase of a land plot in an auction, which was held in Makkah by Adeer Real Estate Company, on Tuesday 30-12-2025. |
| Transaction Details | The purchase of a land plot located on Ajyad street in Makkah, with a total area of 6,985.88 square meters, approximately 500 meters away from the Grand Mosque plaza. |
| Transaction Amount | Around SAR 980 million including commission fees and real estate tax. |
| Transaction Conditions | None |
| Parties of the Transaction | Seller: Entrustment & Liquidation Center “Infath” Buyer: Makkah Construction and Development Co. |
| Transaction Financing Method | The company’s own resources and bank facilities |
| Date of Entering Into The Transaction | 2025-12-30 Corresponding to 1447-07-10 |
| Description of Activity of The Asset Subject of The Transaction | The development of a mixed-use real estate asset comprising a hotel and a mall, consistent with the Company’s strategic direction. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not Applicable |
| Transaction reasons | The transaction was made in line with the Company’s growth strategy to strengthen its portfolio of prime assets in close proximity to the Grand Mosque and create long-term value for shareholders through the development of income-generating assets that support recurring income. |
| Expected Impact of the Transaction on the Company and Its Operations | The transaction will enhance the Company’s assets and aligns with the Company’s growth strategy aimed at strengthening its portfolio of prime real estate assets. |
| Related Parties | None |
| Additional Information | None and the Company will announce any material developments in this regard. |
