Riyadh - Mubasher: The shareholders of Makkah Construction and Development Company approved transactions involving SAR 880 million in short-term bridge financing from Bank Aljazira, alongside retail leasing agreements at SAR 5.44 million.
The company’s CEO and board member Mohammed Abdulkarem Alnafea and board member Turki Ibrahim Alqonaibet have indirect interests in the transaction.
During the ordinary general meeting (OGM), the shareholders also approved retail showroom lease agreements with Diaa Al Nusk Company, totaling SAR 4.45 million.
Additionally, the assembly approved a retail showroom lease agreement with Ziad Bassam Mohammed Albassam Establishment, valued at SAR 990,840.
