Makkah Construction shareholders to vote on 2021 financials, board report on May 16

Logo of Makkah Construction and Development Co.

Makkah Construction and Development Co.’s (MCDC) shareholders are set to vote on audited financial statements, as well as audit and board reports for fiscal year ending Dec. 4, 2021, during the ordinary general meeting slated for May 16.

In a bourse statement, the company said shareholders will vote on discharging board members from liabilities for fiscal year ending Dec. 4, 2021, as well as appoint an auditor to review financial statements for Q2, Q3, and fiscal year 1443/1444 AH, and Q1 of 1444/1445 AH.

Shareholders will also discuss disbursing SAR 2.2 million as remuneration for each board member for fiscal year ending Dec. 4, 2021.

Furthermore, they will vote on the various business and contracts concluded with other companies.

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system as of May 12.