Makkah Construction and Development Co.’s shareholders have approved a 25 percent cash dividend (SAR 2.5 per share) for the fiscal year ended Jan. 28, 2017.

 

During the firm’s ordinary general meeting on Sunday, shareholders also approved transferring SAR 100 million from statutory reserve (the surplus amount exceeding 30 percent of capital) to the retained earnings account.

 

In addition, the assembly elected board members for the upcoming three-year term that will start in August 2017.

 

 Cash Dividend Details (2016-2017)

Current capital

SAR 1.648 bln

Eligible shares

164.8 mln

Cash dividend

SAR 412.04 mln

Percent capital

25% (SAR 2.5/share)

Record date

May 21, 2017

Payment day

Within 15 days from EGM

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