Makkah Construction earns SAR 415.6M in 9M 2026, SAR 80.8M in Q3

09/11/2026 Argaam Exclusive

Makkah Construction and Development Co. reported a net profit of SAR 415.6 million for the first nine months of 2026, compared with SAR 379.7 million in the same period of 2025.

 


Financials (Million Riyal)

Item 9m 2025 9m 2026 Change‬
Revenues 907.94 1,103.70 21.6 %
Gross Income 407.73 470.50 15.4 %
Operating Income 338.78 393.50 16.2 %
Net Income 379.73 415.60 9.4 %
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyals) 1.90 2.08 9.4 %
EPS (Riyal) 1.90 2.08 9.4 %

The company attributed the profit increase to higher revenue of approximately SAR 1.10 billion, from SAR 908 million a year earlier. This was driven by a SAR 142 million increase in Hajj segment revenue, reflecting the expansion of the segment's operations during the season, and a SAR 48 million rise in retail segment revenue due to improved occupancy rates and an increase in leased space.

 

Hospitality segment revenue also rose by SAR 6 million due to an improvement in the average daily room rate, despite approximately 13% of rooms being temporarily taken out of service during the period as part of the asset development and room renovation program.

 

In addition, retail segment profit increased by SAR 52 million due to higher occupancy rates and an increase in leased space.

 

Hospitality segment profit rose by SAR 10 million as a result of the higher average daily room rate, despite the temporary closure of approximately 13% of rooms for asset development and renovation.

 

These gains were partially offset by an SAR 11 million decline in net investment returns, a negative impact of approximately SAR 10 million from higher expenses and other items, and a slight decline of SAR 5 million in Hajj segment performance.



Current Quarter Comparison (Million Riyal)

Compared With The
Item Q3 2025 Q3 2026 Change‬
Revenues 284.27 151.40 (46.7 %)
Gross Income 94.91 92.80 (2.2 %)
Operating Income 74.88 74.20 (0.9 %)
Net Income 85.41 80.80 (5.4 %)
Average Shares 200.00 200.00 -
Earnings Per Share before unusual items (Riyal) 0.43 0.40 (5.4 %)
EPS (Riyal) 0.43 0.40 (5.4 %)

In Q3 2026, net earnings fell 5% to SAR 80.8 million, compared with SAR 85.41 million in the same period a year before, due to a decrease in revenue to approximately SAR 151 million, from SAR 284 million in Q3 2025.

 

Sequentially, the three-month net earnings dropped 53.2% from SAR 172.58 million in Q2 2026.

 

Total shareholders' equity, with no minority interest, stood at SAR 4.15 billion as of Sept. 30, 2026, compared with SAR 4.09 billion a year earlier.

 

Attached Documents

 

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Share Price

Makkah Construction and Development Co.
64.00
(2.00) (3.03 %)

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Financial Ratios
Current
Market Cap (M Riyal) 12,800.00
Enterprise Value (EV) (M Riyal) 13,742.61
Shares Outstanding ((M)) 200.00
Recurring EPS ( Riyal) (TTM) 2.58
Book Value (BV) ( Riyal) 20.77
Par Value ( Riyal) 10.00
Recurring P/E (TTM) 24.85
P/E (TTM) 25.10
Price/book 3.08
Dividend Yield (%) (Last Year) 2.34
Return on Average Assets (%) (TTM) 9.9
Return on Average Equity (%) (TTM) 12.4
EV/Revenues 10.84
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Financial results (Million Riyal)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2003 45.87 - 26.18 - 24.57 -
Q2 2003 86.28 - 65.97 - 62.91 -
Q3 2003 62.18 - 43.21 - 39.95 -
Q4 2003 29.79 - 8.82 - 8.82 -
Q1 2004 42.10 (8.2 %) 24.33 (7.1 %) 23.11 (6.0 %)
Q2 2004 99.27 15.1 % 79.35 20.3 % 74.74 18.8 %
Q3 2004 74.09 19.1 % 55.67 28.8 % 51.03 27.7 %
Q4 2004 32.67 9.7 % 10.41 18.1 % 6.30 (28.5 %)
Q1 2005 53.05 26.0 % 34.49 41.8 % 32.96 42.7 %
Q2 2005 92.65 (6.7 %) 73.10 (7.9 %) 69.38 (7.2 %)
Q3 2005 74.79 1.0 % 54.28 (2.5 %) 50.43 (1.2 %)
Q4 2005 29.54 (9.6 %) 7.61 (26.9 %) 2.60 (58.8 %)
Q1 2006 46.04 (13.2 %) 27.12 (21.4 %) 24.12 (26.8 %)
Q2 2006 106.71 15.2 % 85.61 17.1 % 75.64 9.0 %
Q3 2006 80.23 7.3 % 61.91 14.1 % 52.47 4.0 %
Q4 2006 41.21 39.5 % 9.39 23.3 % 9.27 256.8 %
Q1 2007 35.02 (23.9 %) 23.95 (11.7 %) 20.31 (15.8 %)
Q2 2007 111.27 4.3 % 99.69 16.4 % 95.83 26.7 %
Q3 2007 62.16 (22.5 %) 51.10 (17.5 %) 46.81 (10.8 %)
Q4 2007 63.43 53.9 % 50.10 433.7 % 44.62 381.5 %
Q1 2008 62.75 79.2 % 51.40 114.6 % 49.09 141.7 %
Q2 2008 102.40 (8.0 %) 90.31 (9.4 %) 85.43 (10.9 %)
Q3 2008 61.87 (0.5 %) 50.57 (1.0 %) 48.52 3.7 %
Q4 2008 63.96 0.8 % 51.11 2.0 % 46.45 4.1 %
Q1 2009 61.73 (1.6 %) 49.66 (3.4 %) 47.63 (3.0 %)
Q2 2009 83.45 (18.5 %) 71.03 (21.4 %) 67.36 (21.1 %)
Q3 2009 65.52 5.9 % 54.36 7.5 % 51.55 6.2 %
Q4 2009 67.94 6.2 % 57.29 12.1 % 54.23 16.7 %
Q1 2010 58.34 (5.5 %) 47.75 (3.8 %) 44.94 (5.6 %)
Q2 2010 133.53 60.0 % 120.46 69.6 % 117.54 74.5 %
Q3 2010 82.18 25.4 % 69.50 27.8 % 66.15 28.3 %
Q4 2010 71.89 5.8 % 62.15 8.5 % 58.08 7.1 %
Q1 2011 68.12 16.8 % 57.03 19.4 % 51.99 15.7 %
Q2 2011 146.17 9.5 % 133.66 11.0 % 129.81 10.4 %
Q3 2011 90.15 9.7 % 79.11 13.8 % 75.78 14.6 %
Q4 2011 85.01 18.3 % 72.98 17.4 % 70.21 20.9 %
Q1 2012 79.41 16.6 % 69.12 21.2 % 66.73 28.4 %
Q2 2012 154.36 5.6 % 141.41 5.8 % 133.63 2.9 %
Q3 2012 124.77 38.4 % 111.22 40.6 % 108.68 43.4 %
Q4 2012 96.94 14.0 % 85.19 16.7 % 80.32 14.4 %
Q1 2013 83.43 5.1 % 71.14 2.9 % 66.21 (0.8 %)
Q2 2013 132.56 (14.1 %) 118.07 (16.5 %) 113.17 (15.3 %)
Q3 2013 102.59 (17.8 %) 88.54 (20.4 %) 84.33 (22.4 %)
Q4 2013 96.12 (0.8 %) 79.45 (6.7 %) 75.23 (6.3 %)
Q1 2014 78.58 (5.8 %) 64.84 (8.9 %) 62.42 (5.7 %)
Q2 2014 122.97 (7.2 %) 106.51 (9.8 %) 101.81 (10.0 %)
Q3 2014 105.54 2.9 % 90.17 1.8 % 88.46 4.9 %
Q4 2014 107.98 12.3 % 94.00 18.3 % 90.78 20.7 %
Q1 2015 71.56 (8.9 %) 57.36 (11.5 %) 55.17 (11.6 %)
Q2 2015 129.46 5.3 % 114.91 7.9 % 110.40 8.4 %
Q3 2015 103.94 (1.5 %) 88.35 (2.0 %) 86.16 (2.6 %)
Q4 2015 93.71 (13.2 %) 80.75 (14.1 %) 72.74 (19.9 %)
Q1 2016 117.49 64.2 % 62.04 8.2 % 58.31 5.7 %
Q2 2016 199.92 54.4 % 126.14 9.8 % 120.10 8.8 %
Q3 2016 152.45 46.7 % 83.46 (5.5 %) 80.66 (6.4 %)
Q4 2016 128.84 37.5 % 67.59 (16.3 %) 59.94 (17.6 %)
Q1 2017 115.09 (2.0 %) 60.40 (2.7 %) 57.57 (1.3 %)
Q2 2017 191.35 (4.3 %) 114.09 (9.5 %) 108.49 (9.7 %)
Q3 2017 148.76 (2.4 %) 84.31 1.0 % 80.29 (0.5 %)
Q4 2017 108.17 (16.0 %) 49.98 (26.0 %) 40.25 (32.9 %)
Q1 2018 99.29 (13.7 %) 50.03 (17.2 %) 47.80 (17.0 %)
Q2 2018 159.64 (16.6 %) 99.15 (13.1 %) 92.60 (14.6 %)
Q3 2018 143.71 (3.4 %) 87.68 4.0 % 84.57 5.3 %
Q4 2018 146.13 35.1 % 102.21 104.5 % 93.35 132.0 %
Q1 2019 95.82 (3.5 %) 47.45 (5.2 %) 44.11 (7.7 %)
Q2 2019 150.12 (6.0 %) 92.62 (6.6 %) 86.42 (6.7 %)
Q3 2019 129.60 (9.8 %) 79.31 (9.5 %) 75.70 (10.5 %)
Q4 2019 101.81 (30.3 %) 60.39 (40.9 %) 52.74 (43.5 %)
Q1 2020 94.39 (1.5 %) 49.54 4.4 % 41.82 (5.2 %)
Q2 2020 5.88 (96.1 %) (20.92) (122.6 %) (26.65) (130.8 %)
Q3 2020 4.55 (96.5 %) (21.46) (127.1 %) (29.37) (138.8 %)
Q4 2020 18.63 (81.7 %) (7.24) (112.0 %) (36.08) (168.4 %)
Q1 2021 23.31 (75.3 %) (2.95) (106.0 %) (8.94) (121.4 %)
Q2 2021 33.31 466.7 % 3.22 115.4 % (3.06) 88.5 %
Q3 2021 44.67 881.5 % 23.53 209.6 % 12.82 143.7 %
Q4 2021 58.35 213.2 % 29.83 511.8 % 10.36 128.7 %
Q1 2022 55.25 137.0 % 14.58 593.9 % 8.99 200.5 %
Q2 2022 145.81 337.8 % 85.88 2566.9 % 79.50 2701.3 %
Q3 2022 132.52 196.7 % 84.03 257.1 % 64.65 404.2 %
Q4 2022 120.55 106.6 % 79.16 165.4 % 44.12 325.8 %
Q1 2023 140.42 154.2 % 88.75 508.9 % 66.18 636.2 %
Q2 2023 207.51 42.3 % 148.89 73.4 % 125.98 58.5 %
Q3 2023 249.19 88.0 % 80.02 (4.8 %) 70.10 8.4 %
Q4 2023 133.79 11.0 % 85.63 8.2 % 65.00 47.3 %
Q1 2024 185.41 32.0 % 126.89 43.0 % 112.08 69.3 %
Q2 2024 350.10 68.7 % 163.01 9.5 % 144.89 15.0 %
Q3 2024 141.87 (43.1 %) 80.13 0.1 % 64.81 (7.5 %)
Q4 2024 158.66 18.6 % 102.32 19.5 % 77.88 19.8 %
Q1 2025 235.56 27.0 % 169.79 33.8 % 144.97 29.3 %
Q2 2025 388.11 10.9 % 143.02 (12.3 %) 118.93 (17.9 %)
Q3 2025 284.27 100.4 % 94.91 18.5 % 74.88 15.5 %
Q4 2025 164.53 3.7 % 107.13 4.7 % 86.31 10.8 %
Q1 2026 251.37 6.7 % 186.71 10.0 % 156.92 8.2 %
Q2 2026 700.94 80.6 % 191.00 33.5 % 162.41 36.6 %
Q3 2026 151.40 (46.7 %) 92.80 (2.2 %) 74.20 (0.9 %)


Profit Performance (Million Riyal)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2003 24.60 - 0.13 - 24.60 0.13
Q2 2003 65.83 - 0.34 - 65.83 0.34
Q3 2003 40.67 - 0.21 - 40.67 0.21
Q4 2003 10.12 - 0.05 - 3.91 0.02
Q1 2004 55.04 123.8 % 0.28 - 55.04 0.28
Q2 2004 74.74 13.5 % 0.38 - 74.74 0.38
Q3 2004 52.97 30.2 % 0.27 - 52.97 0.27
Q4 2004 0.85 (91.6 %) 0.00 - 0.85 0.00
Q1 2005 32.97 (40.1 %) 0.17 - 32.97 0.17
Q2 2005 69.38 (7.2 %) 0.35 - 69.38 0.35
Q3 2005 50.43 (4.8 %) 0.26 - 50.43 0.26
Q4 2005 33.06 3798.6 % 0.17 30.45 2.61 0.01
Q1 2006 24.12 (26.8 %) 0.12 - 24.12 0.12
Q2 2006 79.57 14.7 % 0.40 - 79.57 0.40
Q3 2006 46.42 (7.9 %) 0.23 - 46.42 0.23
Q4 2006 22.74 (31.2 %) 0.11 - 22.74 0.11
Q1 2007 20.53 (14.9 %) 0.10 - 20.53 0.10
Q2 2007 95.98 20.6 % 0.48 - 95.98 0.48
Q3 2007 46.91 1.1 % 0.23 - 46.91 0.23
Q4 2007 13.57 (40.3 %) 0.07 - 13.57 0.07
Q1 2008 46.88 128.3 % 0.23 - 46.88 0.23
Q2 2008 83.31 (13.2 %) 0.42 - 83.31 0.42
Q3 2008 49.20 4.9 % 0.25 - 49.20 0.25
Q4 2008 42.78 215.3 % 0.21 - 42.78 0.21
Q1 2009 46.33 (1.2 %) 0.23 - 46.33 0.23
Q2 2009 66.29 (20.4 %) 0.33 - 66.29 0.33
Q3 2009 49.54 0.7 % 0.25 - 49.54 0.25
Q4 2009 52.46 22.6 % 0.26 - 52.46 0.26
Q1 2010 42.51 (8.3 %) 0.21 - 42.51 0.21
Q2 2010 118.91 79.4 % 0.59 - 118.91 0.59
Q3 2010 62.81 26.8 % 0.31 - 62.81 0.31
Q4 2010 59.65 13.7 % 0.30 4.91 54.74 0.27
Q1 2011 48.10 13.2 % 0.24 - 48.10 0.24
Q2 2011 128.41 8.0 % 0.64 - 128.41 0.64
Q3 2011 70.69 12.5 % 0.35 - 70.69 0.35
Q4 2011 75.35 26.3 % 0.38 - 75.35 0.38
Q1 2012 62.33 29.6 % 0.31 - 62.33 0.31
Q2 2012 127.16 (1.0 %) 0.64 - 127.16 0.64
Q3 2012 103.28 46.1 % 0.52 - 103.28 0.52
Q4 2012 86.29 14.5 % 0.43 - 86.29 0.43
Q1 2013 63.97 2.6 % 0.32 - 63.97 0.32
Q2 2013 110.72 (12.9 %) 0.55 - 110.72 0.55
Q3 2013 77.54 (24.9 %) 0.39 - 77.54 0.39
Q4 2013 71.84 (16.7 %) 0.36 - 71.84 0.36
Q1 2014 58.99 (7.8 %) 0.29 - 58.99 0.29
Q2 2014 97.01 (12.4 %) 0.49 - 97.01 0.49
Q3 2014 84.70 9.2 % 0.42 - 84.70 0.42
Q4 2014 86.39 20.3 % 0.43 - 86.39 0.43
Q1 2015 52.54 (10.9 %) 0.26 - 52.54 0.26
Q2 2015 106.56 9.8 % 0.53 - 106.56 0.53
Q3 2015 82.69 (2.4 %) 0.41 - 82.69 0.41
Q4 2015 68.85 (20.3 %) 0.34 - 68.85 0.34
Q1 2016 56.19 6.9 % 0.28 - 56.19 0.28
Q2 2016 113.75 6.7 % 0.57 - 113.75 0.57
Q3 2016 74.18 (10.3 %) 0.37 - 74.18 0.37
Q4 2016 54.43 (20.9 %) 0.27 - 54.43 0.27
Q1 2017 56.05 (0.2 %) 0.28 - 56.05 0.28
Q2 2017 106.38 (6.5 %) 0.53 - 106.38 0.53
Q3 2017 78.25 5.5 % 0.39 - 78.25 0.39
Q4 2017 23.20 (57.4 %) 0.12 - 23.20 0.12
Q1 2018 46.61 (16.9 %) 0.23 - 46.61 0.23
Q2 2018 70.09 (34.1 %) 0.35 - 70.09 0.35
Q3 2018 82.46 5.4 % 0.41 - 82.46 0.41
Q4 2018 84.31 263.3 % 0.42 - 84.31 0.42
Q1 2019 47.68 2.3 % 0.24 5.00 42.68 0.21
Q2 2019 87.19 24.4 % 0.44 3.00 84.19 0.42
Q3 2019 73.80 (10.5 %) 0.37 - 73.80 0.37
Q4 2019 27.46 (67.4 %) 0.14 6.30 21.15 0.11
Q1 2020 40.78 (14.5 %) 0.20 - 40.78 0.20
Q2 2020 (25.55) (129.3 %) (0.13) - (25.55) (0.13)
Q3 2020 (29.29) (139.7 %) (0.15) - (29.29) (0.15)
Q4 2020 (44.81) (263.2 %) (0.22) - (44.81) (0.22)
Q1 2021 (10.50) (125.8 %) (0.05) - (10.50) (0.05)
Q2 2021 (3.82) 85.0 % (0.02) - (3.82) (0.02)
Q3 2021 11.76 140.2 % 0.06 - 11.76 0.06
Q4 2021 6.81 115.2 % 0.03 - 6.81 0.03
Q1 2022 8.76 183.4 % 0.04 - 8.76 0.04
Q2 2022 73.65 2026.4 % 0.37 - 73.65 0.37
Q3 2022 58.06 393.5 % 0.29 - 58.06 0.29
Q4 2022 41.97 516.5 % 0.21 - 41.97 0.21
Q1 2023 64.74 638.6 % 0.32 - 64.74 0.32
Q2 2023 122.83 66.8 % 0.61 - 122.83 0.61
Q3 2023 68.34 17.7 % 0.34 - 68.34 0.34
Q4 2023 78.32 86.6 % 0.39 19.66 58.66 0.29
Q1 2024 113.41 75.2 % 0.57 - 113.41 0.57
Q2 2024 142.57 16.1 % 0.71 - 142.57 0.71
Q3 2024 69.39 1.5 % 0.35 2.44 66.95 0.33
Q4 2024 85.67 9.4 % 0.43 - 85.67 0.43
Q1 2025 150.14 32.4 % 0.75 - 150.14 0.75
Q2 2025 144.18 1.1 % 0.72 - 144.18 0.72
Q3 2025 85.41 23.1 % 0.43 - 85.41 0.43
Q4 2025 94.38 10.2 % 0.47 (5.19) 99.57 0.50
Q1 2026 162.21 8.0 % 0.81 - 162.21 0.81
Q2 2026 172.58 19.7 % 0.86 - 172.58 0.86
Q3 2026 80.80 (5.4 %) 0.40 - 80.80 0.40

Profitability

Period Gross Margin Adjusted EBITDA margin Net Margin Before Unusual Items
Q1 2003 - - -
Q2 2003 - - -
Q3 2003 - - -
Q4 2003 64.33 % 73.41 % 60.24 %
Q1 2004 64.59 % 73.96 % 75.09 %
Q2 2004 66.73 % 74.93 % 74.73 %
Q3 2004 68.57 % 76.01 % 76.11 %
Q4 2004 68.42 % 74.11 % 73.99 %
Q1 2005 69.45 % 74.87 % 62.35 %
Q2 2005 68.79 % 74.72 % 61.86 %
Q3 2005 68.05 % 74.07 % 60.68 %
Q4 2005 67.78 % 73.83 % 62.15 %
Q1 2006 66.70 % 72.45 % 60.30 %
Q2 2006 67.92 % 72.65 % 60.97 %
Q3 2006 69.42 % 72.57 % 58.18 %
Q4 2006 67.12 % 76.73 % 63.04 %
Q1 2007 68.72 % 78.67 % 64.32 %
Q2 2007 72.81 % 83.13 % 69.35 %
Q3 2007 73.74 % 86.17 % 74.57 %
Q4 2007 82.69 % 87.15 % 65.10 %
Q1 2008 84.20 % 88.49 % 67.87 %
Q2 2008 83.55 % 87.76 % 65.58 %
Q3 2008 83.45 % 88.57 % 66.43 %
Q4 2008 83.65 % 89.60 % 76.35 %
Q1 2009 83.34 % 89.38 % 76.43 %
Q2 2009 82.05 % 88.82 % 75.50 %
Q3 2009 82.34 % 88.54 % 74.62 %
Q4 2009 83.38 % 89.10 % 77.03 %
Q1 2010 83.72 % 89.12 % 76.59 %
Q2 2010 86.03 % 90.79 % 80.98 %
Q3 2010 86.26 % 90.58 % 80.91 %
Q4 2010 86.68 % 90.61 % 80.64 %
Q1 2011 86.91 % 89.98 % 80.00 %
Q2 2011 87.51 % 90.18 % 79.83 %
Q3 2011 88.21 % 90.81 % 80.23 %
Q4 2011 88.01 % 90.84 % 82.82 %
Q1 2012 88.55 % 91.98 % 84.04 %
Q2 2012 88.67 % 91.04 % 82.05 %
Q3 2012 88.99 % 91.37 % 83.00 %
Q4 2012 89.34 % 91.20 % 83.22 %
Q1 2013 89.00 % 90.34 % 82.85 %
Q2 2013 88.10 % 90.24 % 83.22 %
Q3 2013 87.34 % 89.23 % 81.47 %
Q4 2013 86.13 % 89.42 % 78.15 %
Q1 2014 85.62 % 89.86 % 77.85 %
Q2 2014 84.78 % 89.40 % 76.29 %
Q3 2014 84.56 % 89.94 % 77.51 %
Q4 2014 85.65 % 90.13 % 78.80 %
Q1 2015 85.29 % 89.74 % 78.58 %
Q2 2015 85.98 % 90.35 % 79.65 %
Q3 2015 85.88 % 90.11 % 79.48 %
Q4 2015 85.63 % 88.72 % 77.92 %
Q1 2016 77.84 % 79.89 % 70.69 %
Q2 2016 69.37 % 70.49 % 62.42 %
Q3 2016 62.53 % 63.90 % 55.53 %
Q4 2016 56.66 % 57.94 % 49.87 %
Q1 2017 56.61 % 58.28 % 50.04 %
Q2 2017 55.39 % 57.40 % 49.52 %
Q3 2017 55.88 % 57.25 % 50.53 %
Q4 2017 54.81 % 55.92 % 46.84 %
Q1 2018 54.50 % 55.75 % 46.47 %
Q2 2018 54.95 % 56.08 % 42.29 %
Q3 2018 56.15 % 57.46 % 43.53 %
Q4 2018 61.79 % 63.18 % 51.66 %
Q1 2019 61.71 % 62.97 % 51.27 %
Q2 2019 61.59 % 63.03 % 54.81 %
Q3 2019 61.65 % 63.11 % 54.63 %
Q4 2019 58.61 % 60.49 % 46.47 %
Q1 2020 59.23 % 60.23 % 46.21 %
Q2 2020 50.75 % 52.33 % 33.22 %
Q3 2020 32.69 % 33.17 % 3.43 %
Q4 2020 (0.06 %) (16.29 %) (47.70 %)
Q1 2021 (100.38 %) (136.26 %) (210.34 %)
Q2 2021 (35.63 %) (60.57 %) (110.82 %)
Q3 2021 13.80 % (5.72 %) (39.51 %)
Q4 2021 33.59 % 24.16 % 2.66 %
Q1 2022 37.14 % 30.26 % 12.27 %
Q2 2022 50.58 % 46.66 % 33.21 %
Q3 2022 54.68 % 50.22 % 37.58 %
Q4 2022 58.05 % 51.14 % 40.17 %
Q1 2023 62.64 % 53.58 % 44.21 %
Q2 2023 66.69 % 55.77 % 47.85 %
Q3 2023 55.29 % 47.22 % 41.51 %
Q4 2023 55.18 % 49.28 % 43.04 %
Q1 2024 56.89 % 52.43 % 46.82 %
Q2 2024 49.60 % 46.43 % 41.70 %
Q3 2024 56.17 % 52.03 % 47.04 %
Q4 2024 56.50 % 52.09 % 48.87 %
Q1 2025 58.14 % 52.92 % 50.25 %
Q2 2025 53.59 % 47.96 % 48.36 %
Q3 2025 47.82 % 42.52 % 43.63 %
Q4 2025 48.01 % 43.10 % 44.69 %
2025 48.01 % 43.10 % 44.69 %
Q1 2026 48.86 % 43.42 % 45.15 %
Q2 2026 41.38 % 36.74 % 37.10 %
Q3 2026 45.55 % - 40.62 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2003 191.87 - - 11.43
Q2 2003 191.87 - - 11.47
Q3 2003 191.87 - - 11.49
Q4 2003 196.19 0.72 0.69 11.15
Q1 2004 196.19 0.87 0.84 11.08
Q2 2004 196.19 0.92 0.89 11.11
Q3 2004 196.19 0.98 0.95 11.12
Q4 2004 196.19 0.94 0.94 11.04
Q1 2005 196.19 0.82 0.82 11.06
Q2 2005 196.19 0.80 0.80 11.09
Q3 2005 196.19 0.78 0.78 11.10
Q4 2005 196.19 0.95 0.79 11.12
Q1 2006 200.00 0.88 0.73 15.83
Q2 2006 200.00 0.94 0.78 15.87
Q3 2006 200.00 0.92 0.76 15.78
Q4 2006 200.00 0.86 0.86 15.53
Q1 2007 200.00 0.85 0.85 15.54
Q2 2007 200.00 0.93 0.93 16.11
Q3 2007 200.00 0.93 0.93 15.61
Q4 2007 200.00 0.89 0.89 21.17
Q1 2008 200.00 1.02 1.02 20.63
Q2 2008 200.00 0.95 0.95 18.84
Q3 2008 200.00 0.96 0.96 20.06
Q4 2008 200.00 1.11 1.11 18.55
Q1 2009 200.00 1.11 1.11 18.84
Q2 2009 200.00 1.02 1.02 19.65
Q3 2009 200.00 1.02 1.02 19.41
Q4 2009 200.00 1.07 1.07 18.75
Q1 2010 200.00 1.05 1.05 18.40
Q2 2010 200.00 1.32 1.32 18.68
Q3 2010 200.00 1.38 1.38 18.88
Q4 2010 200.00 1.42 1.39 17.21
Q1 2011 200.00 1.45 1.42 16.70
Q2 2011 200.00 1.49 1.47 17.02
Q3 2011 200.00 1.53 1.51 17.61
Q4 2011 200.00 1.61 1.61 18.74
Q1 2012 200.00 1.68 1.68 18.85
Q2 2012 200.00 1.68 1.68 20.62
Q3 2012 200.00 1.84 1.84 20.72
Q4 2012 200.00 1.90 1.90 23.08
Q1 2013 200.00 1.90 1.90 26.00
Q2 2013 200.00 1.82 1.82 24.44
Q3 2013 200.00 1.69 1.69 25.11
Q4 2013 200.00 1.62 1.62 29.77
Q1 2014 200.00 1.60 1.60 36.70
Q2 2014 200.00 1.53 1.53 35.39
Q3 2014 200.00 1.56 1.56 35.59
Q4 2014 200.00 1.64 1.64 44.34
Q1 2015 200.00 1.60 1.60 47.97
Q2 2015 200.00 1.65 1.65 44.39
Q3 2015 200.00 1.64 1.64 37.39
Q4 2015 200.00 1.55 1.55 32.59
Q1 2016 200.00 1.57 1.57 40.87
Q2 2016 200.00 1.61 1.61 39.95
Q3 2016 200.00 1.56 1.56 39.10
Q4 2016 200.00 1.49 1.49 43.40
Q1 2017 200.00 1.49 1.49 42.52
Q2 2017 200.00 1.46 1.46 41.92
Q3 2017 200.00 1.48 1.48 39.45
Q4 2017 200.00 1.32 1.32 38.14
Q1 2018 200.00 1.27 1.27 32.75
Q2 2018 200.00 1.09 1.09 29.25
Q3 2018 200.00 1.11 1.11 27.36
Q4 2018 200.00 1.42 1.42 25.11
Q1 2019 200.00 1.42 1.40 24.84
Q2 2019 200.00 1.51 1.47 22.08
Q3 2019 200.00 1.46 1.42 21.25
Q4 2019 200.00 1.18 1.11 21.48
Q1 2020 200.00 1.15 1.10 19.57
Q2 2020 200.00 0.58 0.55 18.85
Q3 2020 200.00 0.07 0.04 24.79
Q4 2020 200.00 (0.29) (0.29) 22.32
Q1 2021 200.00 (0.55) (0.55) 21.51
Q2 2021 200.00 (0.44) (0.44) 24.25
Q3 2021 200.00 (0.24) (0.24) 23.28
Q4 2021 200.00 0.02 0.02 21.55
Q1 2022 200.00 0.12 0.12 19.79
Q2 2022 200.00 0.50 0.50 21.52
Q3 2022 200.00 0.74 0.74 18.48
Q4 2022 200.00 0.91 0.91 16.80
Q1 2023 200.00 1.19 1.19 18.74
Q2 2023 200.00 1.44 1.44 21.36
Q3 2023 200.00 1.49 1.49 20.57
Q4 2023 200.00 1.67 1.57 20.46
Q1 2024 200.00 1.91 1.82 23.34
Q2 2024 200.00 2.01 1.91 21.18
Q3 2024 200.00 2.02 1.91 22.06
Q4 2024 200.00 2.06 2.04 20.27
Q1 2025 200.00 2.24 2.23 24.06
Q2 2025 200.00 2.25 2.23 20.35
Q3 2025 200.00 2.33 2.33 20.49
Q4 2025 200.00 2.37 2.40 19.20
Q1 2026 200.00 2.43 2.46 20.43
Q2 2026 200.00 2.57 2.60 19.46
Q3 2026 200.00 2.55 2.58 20.77

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2003 - - 2.05
Q2 2003 - - 2.16
Q3 2003 - - 2.41
Q4 2003 36.46 38.13 2.35
Q1 2004 35.75 37.10 2.82
Q2 2004 47.40 49.09 3.93
Q3 2004 55.79 57.65 4.93
Q4 2004 56.26 56.26 4.77
Q1 2005 63.94 63.94 4.76
Q2 2005 More than 100 More than 100 10.72
Q3 2005 More than 100 More than 100 10.74
Q4 2005 More than 100 More than 100 14.16
Q1 2006 More than 100 More than 100 8.55
Q2 2006 88.73 More than 100 5.23
Q3 2006 83.70 More than 100 4.86
Q4 2006 37.91 37.91 2.11
Q1 2007 33.60 33.60 1.83
Q2 2007 29.08 29.08 1.68
Q3 2007 33.21 33.21 1.98
Q4 2007 41.45 41.45 1.73
Q1 2008 28.58 28.58 1.41
Q2 2008 34.37 34.37 1.74
Q3 2008 30.33 30.33 1.46
Q4 2008 17.36 17.36 1.04
Q1 2009 19.27 19.27 1.13
Q2 2009 22.72 22.72 1.18
Q3 2009 24.21 24.21 1.28
Q4 2009 20.66 20.66 1.18
Q1 2010 23.23 23.23 1.33
Q2 2010 18.21 18.21 1.28
Q3 2010 17.76 17.76 1.30
Q4 2010 17.48 17.79 1.44
Q1 2011 17.20 17.50 1.49
Q2 2011 17.48 17.77 1.54
Q3 2011 16.82 17.09 1.46
Q4 2011 17.89 17.89 1.54
Q1 2012 18.94 18.94 1.69
Q2 2012 19.36 19.36 1.57
Q3 2012 17.91 17.91 1.59
Q4 2012 17.66 17.66 1.45
Q1 2013 18.19 18.19 1.33
Q2 2013 31.91 31.91 2.38
Q3 2013 32.39 32.39 2.18
Q4 2013 32.81 32.81 1.79
Q1 2014 44.30 44.30 1.93
Q2 2014 42.67 42.67 1.84
Q3 2014 44.54 44.54 1.96
Q4 2014 39.65 39.65 1.46
Q1 2015 52.45 52.45 1.75
Q2 2015 45.25 45.25 1.68
Q3 2015 37.48 37.48 1.64
Q4 2015 49.36 49.36 2.35
Q1 2016 43.79 43.79 1.68
Q2 2016 45.80 45.80 1.84
Q3 2016 46.88 46.88 1.88
Q4 2016 50.05 50.05 1.72
Q1 2017 58.25 58.25 2.04
Q2 2017 56.77 56.77 1.97
Q3 2017 47.99 47.99 1.79
Q4 2017 47.30 47.30 1.64
Q1 2018 49.73 49.73 1.93
Q2 2018 59.25 59.25 2.21
Q3 2018 60.79 60.79 2.47
Q4 2018 45.95 45.95 2.59
Q1 2019 42.87 43.64 2.46
Q2 2019 43.72 44.92 2.99
Q3 2019 40.96 42.11 2.82
Q4 2019 53.34 56.78 2.93
Q1 2020 41.93 43.70 2.46
Q2 2020 83.50 88.27 2.58
Q3 2020 More than 100 More than 100 2.18
Q4 2020 NEG NEG 2.36
Q1 2021 NEG NEG 2.42
Q2 2021 NEG NEG 2.38
Q3 2021 NEG NEG 2.59
Q4 2021 More than 100 More than 100 2.88
Q1 2022 More than 100 More than 100 3.59
Q2 2022 More than 100 More than 100 2.75
Q3 2022 71.08 71.08 2.83
Q4 2022 55.48 55.48 3.01
Q1 2023 48.47 48.47 3.08
Q2 2023 42.25 42.25 2.84
Q3 2023 36.36 36.36 2.63
Q4 2023 36.65 38.94 2.99
Q1 2024 44.35 46.75 3.64
Q2 2024 38.90 40.89 3.70
Q3 2024 46.64 49.34 4.27
Q4 2024 47.33 47.61 4.80
Q1 2025 49.04 49.31 4.56
Q2 2025 40.95 41.17 4.52
Q3 2025 38.33 38.33 4.35
Q4 2025 33.56 33.19 4.14
Q1 2026 34.74 34.37 4.13
Q2 2026 32.24 31.92 4.26
Q3 2026 30.32 30.01 3.72

Business Segments (Million Riyal)

Compared With The
Period Hilton hotel and Towers Investment Properties & Leasing Hajj and Umrah sector Other Makkah Hilton hotel Makkah Hilton Towers
Q3 2012 - 27.71 - 1.39 43.23 52.26
Q4 2012 - 53.45 - - 8.28 6.67
Q1 2013 - 34.75 - 0.71 20.22 27.76
Q2 2013 - 36.18 - 0.71 40.69 54.99
Q3 2013 - 37.66 - 0.97 28.53 35.43
Q4 2013 - 35.73 - 0.03 26.78 33.59
Q1 2014 - 36.14 - 0.74 17.25 24.45
Q2 2014 - 37.70 - 0.74 34.83 49.53
Q3 2014 - 35.69 - 1.14 29.26 39.46
Q4 2014 - 38.49 - 0.34 32.25 36.90
Q1 2015 - 36.28 - 0.44 14.29 20.54
Q2 2015 - 36.50 - 0.94 42.35 49.67
Q3 2015 - 35.96 - 1.26 28.04 38.69
Q4 2015 - 37.50 - 0.27 24.86 31.08
Q1 2016 80.49 36.47 - 0.53 - -
Q2 2016 162.24 36.85 - 0.83 - -
Q3 2016 114.37 36.61 - 1.47 - -
Q4 2016 91.92 36.62 - 0.30 - -
Q1 2017 76.72 37.47 - 0.90 - -
Q2 2017 151.22 39.22 - 0.91 - -
Q3 2017 109.48 37.62 - 1.66 - -
Q4 2017 70.38 37.49 - 0.30 - -
Q1 2018 62.03 36.30 - 0.93 - -
Q2 2018 120.76 37.77 - 1.05 - -
Q3 2018 104.72 37.21 - 1.78 - -
Q4 2018 104.39 41.31 - 0.42 - -
Q1 2019 56.89 37.54 - 1.39 - -
Q2 2019 115.00 33.98 - 1.13 - -
Q3 2019 93.19 34.25 - 2.16 - -
Q4 2019 52.97 48.47 - 0.37 - -
Q1 2020 53.97 39.21 - 1.21 - -
Q2 2020 0.52 5.36 - - - -
Q3 2020 0.44 4.11 - - - -
Q4 2020 4.45 13.87 - 0.30 - -
Q1 2021 4.90 18.31 - 0.10 - -
Q1 2022 28.38 26.87 - - - -
Q4 2022 78.81 40.35 - 1.39 - -
Q1 2023 96.02 43.99 1.28 (0.87) - -
Q2 2023 154.46 47.51 - 5.54 - -
Q3 2023 80.63 44.89 - (2.05) - -
Q4 2023 89.30 44.80 - 0.87 - -
Q1 2024 129.98 55.35 0.04 0.04 - -
Q2 2024 153.32 58.36 136.64 1.78 - -
Q3 2024 65.79 54.58 20.41 1.09 - -
Q4 2024 95.66 61.15 1.84 - - -
Q1 2025 169.89 65.49 0.18 - - -
Q2 2025 120.42 70.91 196.79 - - -
Q3 2025 76.74 68.26 139.27 - - -
Q4 2025 95.30 67.74 1.48 - - -
Q1 2026 172.43 78.58 0.55 - - -
Q2 2026 141.36 88.41 470.97 - - -

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