Riyadh – Mubasher: Makkah Construction and Development Company named Saleh Muhammad Awad bin Laden as the new Chairman of the board for the coming three years.
The Saudi firm also appointed Abdul Raouf Muhammad Abdullah Manna as the Vice Chairman, according to a bourse disclosure.
Additionally, Hamza Muhammad Salih Hamza Serafi was announced as the company’s Managing Director.
Meanwhile, the three officials assumed their roles for a new session that commenced on 10 June 2023 and will remain in position until 9 June 2026.
In the first quarter (Q1) of 2023, Makkah Construction generated net profits after Zakat and tax amounting to SAR 65 million, higher by 622.22% year-on-year (YoY) than SAR 9 million.
The revenues enlarged by 154.54% to SAR 140 million in Q1-23 from SAR 55 million in Q1-22, while the earnings per share (EPS) jumped to SAR 0.39 from SAR 0.05.
