Riyadh – Mubasher: Makkah Construction and Development said its ordinary general meeting (OGM) will convene on 31 May 2016 to vote on a number of items on the agenda including the board of director’s recommendation to distribute cash dividends to shareholders.
The cash dividends amounts to SAR 2.5 per share or around 25% of the company’s capital, totalling SAR 412 million for shareholders registered by the end of the OGM.
Makkah Construction’s financials for Q1-16 showed a 5% decline in net profit to SAR 311 million, down from SAR 327 million in Q1-15.
