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	F Y _ 2022
12/03/2020	19/04/2020	14/05/2020	247.22	1.50	FY-2019
25/03/2019	01/05/2019	22/05/2019	329.63	2.00	The General Assembly approved 20% cash dividend for FY which has ended in Rabi Al-thani 1440
02/04/2018	21/05/2018	06/06/2018	329.63	2.00	The General Assembly approved 20 % cash dividend FY-2017
23/03/2017	21/05/2017	12/06/2017	412.04	2.50	The General Assembly approved 25% cash dividend FY-2016
31/03/2016	31/05/2016	22/06/2016	412.04	2.50	The General Assembly approved 25 % cash dividend FY-2015/2016
06/04/2015	15/06/2015	28/06/2015	412.04	2.50	The General Assembly approved 25% cash dividends FY-2014/2015
24/04/2014	25/06/2014	08/07/2014	412.04	2.50	The General Assembly approved 25% cash dividend for FY2013/2014
04/05/2013	07/07/2013	18/07/2013	412.04	2.50	The General Assembly approved 25% cash dividend for FY2012/2013
15/05/2012	18/07/2012	24/07/2012	329.60	2.00	The General Assembly approved 20% cash dividend for FY2011/2012

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

Valuation Data (Latest Share Price)

P/E (TTM)	47.90
P/E Before Unusual Items (TTM)	50.89
P/BV	4.09
Dividend Yield	2.02 %
Market Cap. (M)	18,030.89
Return on Average Assets	7.79 %
Return on Average Equity	8.83 %

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