Makkah Construction and Development Co. announces the BOD’s recommendation to distribute dividends to shareholders for the year 2023
| Element List | Explanation |
|---|---|
| Introduction | Makkah Construction and Development Company is pleased to announce the recommendation of the company's board of directors to distribute cash dividends to shareholders for the fiscal year 2023 AD. |
| Date of the board’s recommendation | 2024-03-24 Corresponding to 1445-09-14 |
| The Total amount distributed | 247224360 |
| Number of Shares Eligible for Dividends | 164816240 |
| Dividend per share | 1.5 |
| Percentage of Dividend to the Share Par Value (%) | 15 % |
| Eligibility date | The eligibility of profits is for the company’s shareholders who own shares and are registered with the Deposit Center at the end of the second trading day following the date of the company’s general assembly (the due date) |
| Distribution Date | The date of the dividend distribution will be determined after the company's general assembly approves this recommendation, and the date of the company's general assembly meeting will be determined after obtaining the regulatory approvals. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not applicable |
| Additional Information | An announcement will be published on the Tadawul website later on the method of distributing the profits and the bank that will distribute the profits to the honorable shareholders.
The company also emphasizes the need for the honorable shareholders to update their bank information to ensure that profits are deposited directly in their accounts. |
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