Riyadh – Mubasher: The board of Makkah Construction and Development recommended a distribution of 25% cash dividends for 2016.
The company would pay SAR 2.5 per share, with a total of SAR 412 million, according to a bourse filing on Thursday.
Registered shareholders by the end of trades on the date of the general assembly's meeting will be eligible for the dividends. The meeting's date will be announced later.
As for the twelve-month period of 2016, the company registered net profits of SAR 299 million down from SAR 311 million a year earlier, with a 3.86% decrease.
The stock ended Wednesday at SAR 100.90, falling 0.95%.
