Riyadh – Mubasher: Makkah Construction and Development Company (MCDC) on Thursday announced that its shareholders had approved distributing a cash dividend of SAR 2 per share for the fiscal Hijri year ended 30 Rabi Al Thani 1440H (8 January 2019) during an ordinary general meeting (OGM) held the previous day.

The eligibility of dividends shall be for the shareholders registered at the end of the second trading day following the OGM date, according to a statement to the Saudi Stock Exchange (Tadawul).

The Saudi Arabian developer’s net profits, after zakat and taxes, rose by 7.2% to SAR 283 million in the last fiscal Hijri year, compared to SAR 264 million in the prior year.