Makkah Construction board recommends 15% cash dividend for 2023

25/03/2024 Argaam Exclusive

Makkah Construction and Development Co.’s board of directors recommended, in its meeting held on March 24, the payment of a cash dividend at 15%, or SAR 1.5 a share for 2023, according to a statement to Tadawul.

 

2023 Dividend Details

Current Capital

SAR 1.64 bln 

Number of Shares

164.82 mln

Total Dividend

SAR 247.22 mln

Percentage of Capital

15% (SAR 1.5 a share)

Record Date

Shareholders of record and those registered with Edaa on the second trading day after the general assembly (record date)

Date of Payment

Later

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
25/03/2024 29/05/2024 13/06/2024 247.22 1.50
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
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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