Riyadh – Mubasher: Makkah Construction and Development will start distributing cash dividends for the fiscal year ended 28 January 2017 on 12 June.

The company will pay 25% cash dividends or SAR 2.5 per share, totalling SAR 412.04 million, according to a bourse filing.

The Saudi-listed firm will deposit the dividends in the shareholders accounts in one of the local banks directly through the Saudi British Bank (SABB).

Shareholders who are registered in the Securities Depository Center (Edaa) at the end of the following day of the eligibility date on 21 May will be entitled of the dividends.

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.