Makkah Construction & Development Co.

Makkah Construction & Development Co.

TTADAWUL:4100
66.90
SAR
-1.30
(-1.91%)
2.58EPS
32.18P/E
16.59BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2020 Y
2021 Y
2022 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.07
1.99
1.98
2.82
2.74
0.62
- -
0.52
1.27
2.31
3.65
4.18
5.36
7.02
Basic EPS, GAAP
1.63
1.55
1.49
1.32
1.41
-0.29
- -
0.09
0.52
0.78
1.67
2.06
2.37
2.58
Free Cash Flow per Basic Share
1.68
1.85
1.89
1.6
1.09
-0.3
- -
0.08
0.99
0.99
1.72
1.49
1.61
-2.42
Dividend per Share
2.05
2.04
- -
- -
- -
1.17
- -
0.06
- -
- -
0.81
1.22
1.48
1.48
Book Value per Share
44.34
32.62
43.4
38.14
25.11
22.32
22.32
21.49
16.8
16.8
20.46
20.27
19.2
19.46
Tangible Book Value per Share
44.34
32.62
43.4
38.14
25.11
22.32
22.32
21.49
16.8
16.8
20.46
20.27
19.2
19.46
Basic Weighted Avg Shares
200
200
200
200
200
200
200
200
200
200
200
200
200
200
Sales/Revenue/Turnover
415
399
397
563
549
123
- -
103
253
461
731
836
1,072
1,401
Operating Margin (%)
82.87
81.53
80.34
50.87
58.02
-40.44
- -
22.5
44.12
37.78
47.85
48.01
39.94
34.52
Depreciation Expense
31
29
- -
- -
- -
30
- -
27
- -
- -
33
36
37
34
Net Income, GAAP
327
311
299
264
283
-59
- -
17
104
156
334
411
474
515
Effective Tax Rate (%)
2.93
2.83
6.61
- -
- -
- -
- -
31.43
6.33
9.83
4.17
2.88
2.4
2.41
Profit Margin (%)
78.79
77.92
75.18
46.84
51.54
-47.7
- -
16.88
41.04
33.72
45.73
49.17
44.21
36.73
Working Capital
160
93
-10
-139
12
8
8
257
382
382
207
-10
-126
-1,106
LT Debt
- -
- -
- -
- -
- -
150
150
175
- -
- -
100
75
52
40
Total Equity
8,869
6,523
8,680
7,628
5,021
4,464
4,464
4,297
3,360
3,360
4,092
4,054
3,840
3,892
Return on Invested Capital (%)
- -
4.1
3.92
3.51
5.03
- -
- -
0.35
2.67
4.68
8.76
9.28
10.3
10.39
Return on Capital (%)
- -
4.04
3.93
3.24
4.47
- -
- -
0.42
2.65
4.63
8.86
9.93
11.89
11.54
Return on Common Equity (%)
- -
4.04
3.93
3.24
4.47
-1.24
- -
0.4
2.71
4.63
8.97
10.09
12.01
12.93

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
52
939
971
LT Borrowings
50
38
38
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
200
200
200
Market Capitalization
15,910
16,890
16,590

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
255
447
378
Cash, Cash Equivalents & STI
101
116
66
Accounts Receivable, Net
75
81
234
Inventories
3
2
2
Total Current Liabilities
381
1,398
1,484
Payables & Accruals
- -
- -
- -
ST Debt
52
939
971
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-5.28%
Free Cash Flow
- -
- -
7.66%
Net Income, GAAP
- -
140.04%
15.35%
Sales/Revenue/Turnover
- -
65.81%
28.28%
Total Cash Common Dividend
- -
- -
20.73%

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
185
350
142
159
836
2025
236
388
284
165
1,072
2026
251
701
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.57
0.71
0.35
0.43
2.06
2025
0.75
0.72
0.43
0.47
2.37
2026
0.81
0.86
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.19
0.01
0.01
1.22
2025
0.01
1.45
0.01
0.01
1.48
2026
- -
1.45
- -
- -
- -

Company Description

CEO
Mohammed bin Abdulkrem Al-Nafea
Full Time Employees
1,152
Sector
Finance
Industry
Real estate development
Address
Third Al-Dairi Road Makkah Mecca Province Saudi Arabia 24351
IPO Date
Jan 10, 1999
Business
Makkah Construction and Development Company (MCDC) operates as a Saudi joint-stock company engaged in real estate development and engineering works primarily around the Holy Mosque in Makkah; it owns, develops, manages, invests in, purchases, and leases properties adjacent to Al Masjid Al Haram; undertakes construction, maintenance, demolition, and surveying activities; establishes, manages, and operates residential buildings and complexes including their maintenance, renovation, and cleanliness; and develops, owns, and runs hotels, hotel apartments, commercial malls, hospitals, and medical centers, with services provided directly or through partnerships. The company, founded in 1988 by royal decree and listed on the Saudi Exchange under ticker 4100, maintains its headquarters in Makkah Al Mukarramah at Faqih Commercial Center and focuses on the Kingdom of Saudi Arabia, particularly serving pilgrims, residents, and commercial markets via properties like Makkah Hilton Hotel and Makkah Hilton Towers alongside Hajj and Umrah services. Recent developments include a community partnership agreement with the Holy Makkah Municipality to support urban enhancements at city entrances in alignment with Saudi Vision 2030; acquisition of a 30.13% stake in First Avenue Real Estate Development Company for SAR 341 million in 2024 to expand its real estate portfolio ahead of the target's Nomu market IPO; approval from the Capital Market Authority for a capital increase to SAR 2 billion via bonus shares at a one-for-three ratio, strengthening financial position for growth; and leadership changes such as the appointment of Fahad Al Fawaz as CEO in September 2023.