Makkah Construction OGM approves 15% cash dividend for 2023

30/05/2024 Argaam Exclusive

Makkah Construction and Development Co.’s shareholders approved the board of directors’ proposal to pay a cash dividend of SAR 1.5 per share, or 15% of capital, for 2023.

 

The approval took place during the ordinary general meeting (OGM) held on May 29, 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

May 29 (Shareholders of record registered with Edaa at the end of the second trading day following the record date)

Date of Payment

To be determined

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

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Valuation Data (Latest Share Price)

P/E (TTM) 42.18
P/E Before Unusual Items (TTM) 44.47
P/BV 3.46
Dividend Yield 2.02 %
Market Cap. (M) 16,151.99
Return on Average Assets 7.94 %
Return on Average Equity 9.10 %

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