Makkah Construction plans 15% dividend for 2024

06/03/2025 Argaam Exclusive

Makkah Construction and Development Co.’s (MCDC) board of directors recommended, in its meeting held on March 5, a cash dividend at 15% of capital, or SAR 1.5 a share, for 2024.

 

Cash Dividend Details

Current Capital

SAR 2 bln

Number of Shares

200 mln

Total Dividends

SAR 300 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 following the general meeting.

Payment Date

To be determined later

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/03/2025 - - 300.00 1.50
25/03/2024 29/05/2024 13/06/2024 247.22 1.24
30/03/2023 06/06/2023 20/06/2023 164.82 0.82
12/03/2020 19/04/2020 14/05/2020 247.22 1.24
25/03/2019 01/05/2019 22/05/2019 329.63 1.65
02/04/2018 21/05/2018 06/06/2018 329.63 1.65
23/03/2017 21/05/2017 12/06/2017 412.04 2.06
31/03/2016 31/05/2016 22/06/2016 412.04 2.06
06/04/2015 15/06/2015 28/06/2015 412.04 2.06
24/04/2014 25/06/2014 08/07/2014 412.04 2.06
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 3.56 61.82 5.76 %
Last 5 Financial years 3.56 61.90 5.75 %
Last 10 Financial years 12.21 64.71 18.87 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 53.24
P/E Before Unusual Items (TTM) 53.55
P/BV 5.40
Dividend Yield -
Market Cap. (M) 21,880.00
Return on Average Assets 8.53 %
Return on Average Equity 9.47 %

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