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Element List	Explanation
Introduction	Reference to the Company’s announcement published on Tadawul on 31 December 2025 regarding the purchase of a land plot located on Ajyad Street in Makkah, with a total value of approximately SAR 980 million (inclusive of commission fees and real estate tax), Makkah Construction and Development Co. announces obtaining Sharia-compliant financing (bridge financing) from AlJazira Bank with a total value of SAR 880 million. These facilities will be utilized to finance part of the purchase value, with the remaining balance funded by the Company’s internal resources.
Date of obtaining the funding	2026-01-29 Corresponding to 1447-08-10
Financing entity	AlJazira bank
Financing amount.	SAR 880 million
Financing duration.	6 months
Guarantees offered for the financing	Saudi Government Sukuk owned by the Company
Financing objective	Utilizing a mix of external financing and internal resources to fund the Ajyad Street land purchase.
Related Parties	1. Mr. Mohammed Abdulkrem Alnafea is a Board Member and CEO of the Company. 2. Mr. Turki Ibrahim Alqonaibet is a Board Member of the company.
Additional Information	The purchase of the land plot is intended for the development of a mixed-use asset in a prime location adjacent to the Grand Mosque on Ajyad Street. This strategic move strengthens the Company’s real estate portfolio and aligns with its strategy to drive growth and enhance long-term value creation.

Makkah Construction and Development Co. Announces Obtaining a Sharia-compliant financing from Aljazira Bank