Makkah Construction OKs 25% dividend for year ending Feb.

01/06/2016 Argaam

Makkah Construction and Development Company’s general assembly approved a 25 percent cash dividend to be issued at SAR 2.5 per share for its fiscal year that ended in February.

 

The company also approved transferring SAR 100 million from its statutory surplus reserve to its retained earnings account.

 

Cash Dividend Details

Current Capital

SAR 1.65 bln

Number of shares

164.8 mln

Cash dividend

SAR 412.04 mln

Percent of capital

25% (SAR 2.5/share)

Record date

May 31, 2016

Payment date

During Ramadan

Saudi Arabia (Tadawul)

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