Makkah to issue 25% cash dividend

16/06/2015 Argaam

Makkah Construction & Development Company said on Tuesday that it plans to issue a 25 percent cash dividend at SAR 2.5 per share for its last fiscal year, which ended in January.

 

It also gave the go-ahead to transfer SAR 100 million from the surplus of its statutory reserves account to retained earnings.

 

The company, which is based in the holy city of Makkah, uses the Islamic calendar for its fiscal year.

 

 Cash Dividend Details

SAR 1.648 mln

Current capital

164.8 mln shares

Number of shares

SAR 412.04 mln

Cash dividend

25% ( SAR 2.5/share)

Percent of capital

June 15, 2015

Record date

Determined later

Payment day

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