Makkah Construction Calls Shareholder Meeting for SAR 300M Dividend
MCDC 4100.SA | 0.00 |
On May 6, 2026, Makkah Construction and Development Co. announced its 39th Ordinary General Assembly Meeting scheduled for June 2, 2026 at 6:30 PM via modern technology means from the company's headquarters in Makkah. The meeting agenda includes key items such as approving dividend distribution of SAR 300,000,000 (SAR 1.50 per share, representing 15% of nominal value) for fiscal year 2025, with distribution starting June 22, 2026. Shareholders will vote on board member remuneration of SAR 5,373,000, elect new board members for a 4-year term beginning June 10, 2026, and approve various related-party transactions including a SAR 880,000,000 bridge financing facility with AlJazira Bank. Electronic voting opens on May 29, 2026 at 1:00 AM and continues until the meeting concludes.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95014&anCat=1&cs=4100&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/30894_446_2026-05-06_09-05-13_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/30894_446_2026-05-06_09-07-03_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.