diff --git a/src/build_interpret.ml b/src/build_interpret.ml
index 918fb82f..9bfff82e 100644
--- a/src/build_interpret.ml
+++ b/src/build_interpret.ml
@@ -206,7 +206,10 @@ module Rule = struct
     let dir =
       match targets with
       | [] ->
-        invalid_arg "Build_interpret.Rule.make: rule has no targets"
+        begin match loc with
+        | Some loc -> Loc.fail loc "Rule has no targets specified"
+        | None -> Exn.code_error "Build_interpret.Rule.make: no targets" []
+        end
       | x :: l ->
         let dir = Path.parent_exn (Target.path x) in
         List.iter l ~f:(fun target ->
diff --git a/test/blackbox-tests/test-cases/github784/run.t b/test/blackbox-tests/test-cases/github784/run.t
index ab8ef23e..f9e12171 100644
--- a/test/blackbox-tests/test-cases/github784/run.t
+++ b/test/blackbox-tests/test-cases/github784/run.t
@@ -1,24 +1,4 @@
   $ dune build
-  Error: exception Invalid_argument("Build_interpret.Rule.make: rule has no targets")
-  Backtrace:
-  Raised at file "pervasives.ml", line 33, characters 20-45
-  Called from file "src/build_interpret.ml", line 209, characters 8-68
-  Called from file "src/super_context.ml", line 373, characters 4-94
-  Called from file "src/gen_rules.ml", line 259, characters 25-54
-  Called from file "list.ml", line 82, characters 20-23
-  Called from file "src/stdune/list.ml" (inlined), line 29, characters 29-39
-  Called from file "src/gen_rules.ml", line 253, characters 12-960
-  Called from file "src/stdune/hashtbl.ml", line 18, characters 12-17
-  Called from file "src/gen_rules.ml", line 952, characters 16-39
-  Called from file "src/gen_rules.ml", line 994, characters 19-30
-  Called from file "src/build_system.ml", line 889, characters 6-62
-  Called from file "src/build_system.ml", line 865, characters 6-59
-  Re-raised at file "src/build_system.ml", line 876, characters 6-17
-  Called from file "src/build_system.ml" (inlined), line 833, characters 32-63
-  Called from file "src/build_system.ml", line 843, characters 4-24
-  Called from file "src/build_interpret.ml", line 101, characters 24-40
-  Called from file "src/build_interpret.ml", line 60, characters 31-43
-  Called from file "src/build_interpret.ml", line 60, characters 31-43
-  Called from file "src/build_system.ml", line 1215, characters 10-108
-  Called from file "src/fiber/fiber.ml", line 359, characters 6-13
+  File "dune", line 1, characters 0-28:
+  Error: Rule has no targets specified
   [1]