Makkah Construction and Development Co. Announces Obtaining a The Renewal of an Existing SAR 880 million Shariah-Compliant Financing Facility with Bank AlJazira

Element List	Explanation
Introduction	Makkah Construction and Development Co. announces the renewal of its existing Shariah-compliant financing facility with Bank AlJazira, with a total value of SAR 880 million. The Company evaluated a number of financing offers received from several financing institutions, and the offer submitted by Bank AlJazira was the most competitive in terms of cost and conditions. The facility is renewed every three (3) months, subject to the terms remaining competitive at the time of each renewal.
Date of obtaining the funding	2026-07-29 Corresponding to 1448-02-15
Financing entity	Bank AlJazira
Financing amount.	SAR 880 million
Financing duration.	Three months, renewable for successive three-month periods.
Guarantees offered for the financing	Saudi government sukuk owned by the Company
Financing objective	The financing renewal is intended to provide the liquidity required to support the Company's funding needs and the execution of its strategic projects, thereby supporting growth and enhancing long-term shareholder value.
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	In line with the Company's Corporate Governance Framework and applicable regulatory requirements, the transaction was reviewed by the Audit Committee and approved by the Board of Directors, with the related party members abstaining from deliberation and voting, thereby helping to protect the interests of the Company and its shareholders. This reflects the Company's commitment to the highest standards of transparency, fairness, and corporate governance.