Makkah Construction shareholders to vote on 15% cash dividend on April 19

29/03/2020 Argaam Exclusive

Makkah Construction and Development Co.'s shareholders will vote on the board's recommendation on paying cash dividend at SAR 1.5 a share, or 15% of capital, totaling SAR 247.2 million on April 19, the company said in a bourse filing.

 

The ordinary general meeting will be held through electronic voting.

 

Shareholders will also discuss financial results, the board's as well as the auditor's reports for the fiscal year ending Dec. 26, 2019.

 

They will also appoint an auditor, discharge board members from liability, in addition to approving board remuneration of SAR 2.2 million for the same year.

 

Shareholders will elect a new board of directors for the coming three-year term as of July 12, 2020, in addition to forming a new audit committee for the same three-year term.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
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
29/05/2011 17/08/2011 24/08/2011 247.22 1.50
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 3.50 74.94 4.67 %
Last 5 Financial years 8.00 95.68 8.36 %
Last 10 Financial years 20.00 30.20 66.22 %
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) 50.275
P/E Before Unusual Items (TTM) 52.997
P/BV 4.12
Dividend Yield 2.02 %
Market Cap. (M) 19,250.53
Return on Average Assets 7.94 %
Return on Average Equity 9.10 %

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