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Makkah Construction and Development Co. announces the board of director’s recommendation to distribute cash dividends for Fiscal year 2025 AD
| Element List | Explanation |
|---|---|
| Introduction | Makkah Construction and Development Co. announces the Board of Directors’ recommendation to the General Assembly of the Company’s shareholders to distribute cash dividends to shareholders for the fiscal year 2025 AD. |
| Date of the board’s recommendation | 2026-03-10 Corresponding to 1447-09-21 |
| The Total amount distributed | 300,000,000 |
| Number of Shares Eligible for Dividends | 200,000,000 |
| Dividend per share | 1.5 |
| Percentage of Dividend to the Share Par Value (%) | 15 |
| Eligibility date | The eligibility date will be for shareholders who own shares on the date of the next general assembly and are registered in the company’s shareholders’ register at the Securities Depository Center (Edaa) by the end of the second trading day following the date of the general assembly, the date of which will be announced later |
| Distribution Date | Distribution date will be announced later |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | The company's management would like to inform all its valued shareholders of the necessity of updating their bank data to ensure that cash dividends are deposited directly into their accounts. The company would also like to draw the attention of non-resident shareholders in the Kingdom to the fact that profits will be subject to a withholding tax of 5% when such profits are transferred or deposited into their bank accounts in accordance with the provisions of Article 68 of the Income Tax Law and Article 63 of its Executive Regulations. Accordingly, the company emphasizes that non-resident shareholders who have tax exemptions on dividend distributions issued by the Zakat, Tax and Customs Authority should contact the company within five (5) calendar days from the due date and provide the company with documents supporting the tax exemption. We are pleased to receive your inquiries or comments by contacting the Investor Relations Department via the following means of communication: Telephone: 0125571522 Email: ir@mcdc.com.sa |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 78.55
Net Change -0.75 (-0.95%)
Value Traded (Sar) 13,147,926.2
Volume Traded 166,957
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