Makkah Construction and Development Company announced that it will exempt tenants for a period of six months from the rental value of the shops.
The company said in a statement to the Saudi market (Tadawul), today, Thursday, that the company's board of directors decided yesterday to exempt tenants for a period of six months from the rental value of shops during the fiscal year 1441/1442 AH
and she explained that this is a contribution and support from the company in easing the burden on the tenants of the shops in the company's commercial center, noting that the decision will have a financial impact on the company, and it will be announced later. Any fundamental developments in this regard.
and the company stated that this announcement follows a previous announcement on April 8, 2020, and with reference to the decisions of the competent authorities in the Kingdom of Saudi Arabia during the past few months regarding facing the Corona pandemic and its negative effects The business sector, due to which the Umrah and visit visas were temporarily suspended, as well as the temporary suspension of Umrah for citizens and residents in the Kingdom in addition to stopping international and domestic flights, which affected businesses in the Kingdom in general and in Makkah in particular due to its direct dependence on its revenues on visitors and pilgrims / p>
