Makkah Construction shareholders approve 10% cash dividend for 2022

07/06/2023 Argaam Exclusive

Makkah Construction and Development Co.'s shareholders approved a 10% cash dividend for 2022 at SAR 1 per share, during the ordinary general meeting (OGM) held on June 6, according to a Tadawul statement.

Dividend Details (2022)

Current capital

SAR 1.64 bln

Number of shares

164.82 mln

Dividend

SAR 164.82 mln

Percentage of capital

10% (SAR 1 per share)

Record date

June 6 (Shareholders registered with Edaa by the close of the second trading day following the record date

Payment date

June 20, 2023

 

Meanwhile, shareholders elected the following board members for the next three-year term starting June 10, 2023:  Samer Al‐Khawashki,  Abdul Raouf Manna,  Ghassan Shalabi,  Muhammad Al‐Nafi,  Ibrahim Alsubeaei,  Saleh Laden,  Ziyad Al‐Hogail, Hamza Seirafi, Turki Al‐Quneibit, and Ziad AlBassam.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
30/03/2023 06/06/2023 20/06/2023 164.82 1.00
12/03/2020 19/04/2020 14/05/2020 247.22 1.50
25/03/2019 01/05/2019 22/05/2019 329.63 2.00
02/04/2018 21/05/2018 06/06/2018 329.63 2.00
23/03/2017 21/05/2017 12/06/2017 412.04 2.50
31/03/2016 31/05/2016 22/06/2016 412.04 2.50
06/04/2015 15/06/2015 28/06/2015 412.04 2.50
24/04/2014 25/06/2014 08/07/2014 412.04 2.50
04/05/2013 07/07/2013 18/07/2013 412.04 2.50
15/05/2012 18/07/2012 24/07/2012 329.60 2.00
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 2.50 63.10 3.96 %
Last 5 Financial years 4.00 78.60 5.09 %
Last 10 Financial years 15.50 65.50 23.66 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 41.19
P/E Before Unusual Items (TTM) 43.42
P/BV 3.38
Dividend Yield 2.02 %
Market Cap. (M) 15,772.91
Return on Average Assets 7.94 %
Return on Average Equity 9.10 %

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