Makkah Construction GA Approves on Business and Contracts Take Place with Related Party

Makkah Construction and Development Company announced on Tuesday the results of the Extraordinary General Assembly meeting (Second meeting). The percentage of attending shareholders is %47.87.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

Approval on the business and contracts that will take place between the company and Fakih Farms Poultry Company, and the Chairman of the Board, Mr. Abdul Rahman Abdul Qadir Muhammad Faqih, has an indirect interest in them, during the next fiscal year 2021/2022, It is a lease contract for an exhibition in the commercial centre and the commercial activity of the exhibition, Al-Tazaj restaurant, with an area of 188 square meters, at an annual rent of SR2,147,838 (without preferential benefits).