Makkah Construction and Development Company announces details of the entitlement and distribution of profits to shareholders

The Ordinary General Assembly of Makkah Construction and Development Company approved on June 2, 2026, the board of directors' recommendation to distribute cash dividends to shareholders for the fiscal year ending December 31, 2025, with a total of 300 million riyals.

Makkah Construction and Development clarified in a statement published on Saudi Tadawul today, Wednesday, that the share of dividend distribution amounts to 1.5 riyals, equivalent to 15% of the nominal value of the share. Dividends will be awarded to shareholders owning shares by the end of trading on the day of the assembly, and recorded in the company's shareholders' register at the Securities Depository Center by the end of the second trading day following the entitlement date.

Makkah Construction and Development added that the cash dividends will begin on Monday, June 22, 2026, providing shareholders with an immediate cash return on the results of the last fiscal year.

The assembly also approved the release of the board members from liability for the fiscal year ending December 31, 2025, in addition to approving the election of a new board of directors for a four-year term starting on June 10, 2026, and ending on June 9, 2030.

The list of elected members of the board of directors of Makkah Construction and Development included 11 members, including Samer Mohammed Al-Khawashki, Ghassan Yasser Shalaby, Saleh Mohammed Bin Laden, and Abdullah Iyad Al-Fares, along with several other members who will lead the company during the new term.

On the trading front, Makkah Construction and Development share (TADAWUL: 4100) fell by 3.07% during the trading sessions, trading near the level of 85.15 riyals. Investors are awaiting the impact of Makkah Construction and Development’s distributions and the new board of directors' plans on the company's performance and its share in the coming period.