Makkah Construction shareholders approve 15% dividend for 2024
Shareholders of Makkah Construction and Development Co. (MCDC) approved the board’s recommendation to pay a cash dividend of SAR 1.5 per share, or 15% of capital, for 2024 during the ordinary general meeting (OGM) held on May 19.
|
Cash Dividend Details (2024) |
|
|
Current Capital |
SAR 2 bln |
|
Number of Shares |
200 mln |
|
Total Dividends |
SAR 300 mln |
|
Percentage of Capital |
15% (SAR 1.5 a share) |
|
Record Date |
May 19, 2025 (Shareholders of record who are registered with Edaa by the close of the second trading day following the record date) |
|
Payment Date |
June 11, 2025 |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 06/03/2025 | 19/05/2025 | 11/06/2025 | 300.00 | 1.50 | |
| 25/03/2024 | 29/05/2024 | 13/06/2024 | 247.22 | 1.24 | |
| 30/03/2023 | 06/06/2023 | 20/06/2023 | 164.82 | 0.82 | |
| 12/03/2020 | 19/04/2020 | 14/05/2020 | 247.22 | 1.24 | |
| 25/03/2019 | 01/05/2019 | 22/05/2019 | 329.63 | 1.65 | |
| 02/04/2018 | 21/05/2018 | 06/06/2018 | 329.63 | 1.65 | |
| 23/03/2017 | 21/05/2017 | 12/06/2017 | 412.04 | 2.06 | |
| 31/03/2016 | 31/05/2016 | 22/06/2016 | 412.04 | 2.06 | |
| 06/04/2015 | 15/06/2015 | 28/06/2015 | 412.04 | 2.06 | |
| 24/04/2014 | 25/06/2014 | 08/07/2014 | 412.04 | 2.06 |
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any
Dividend History
| Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
|---|---|---|---|
| Last 3 Financial years | 3.56 | 61.82 | 5.76 % |
| Last 5 Financial years | 3.56 | 61.90 | 5.75 % |
| Last 10 Financial years | 12.21 | 64.71 | 18.87 % |
Based on the beginning of the period (January 1 of the base year)
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Valuation Data (Latest Share Price)
| P/E (TTM) | 24.52 |
| Recurring P/E (TTM) | 24.28 |
| P/BV | 3.24 |
| Dividend Yield | 1.89 % |
| Market Cap. (M) | 12,620.00 |
| Return on Average Assets | 10.24 % |
| Return on Average Equity | 12.93 % |
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