What is the total dividend amount for Makkah Construction for FY2025?

The total dividend is SAR 300 million, or SAR 1.50 per share.

When does the dividend distribution start?

The distribution starts on June 22, 2026.

Who was appointed as the external auditor?

Al-Sayed Al-Ayouti and Partners were appointed as external auditor for 2026-2027 with fees of SAR 850,000.

What are the key related-party transactions approved?

Approvals include bridge financing of SAR 880 million from AlJazira Bank and hotel renovation contracts worth SAR 25.6 million.

Makkah Construction Approves SAR 300M Dividend for FY2025

Makkah Construction and Development Co. (4100) announced that its Ordinary General Assembly approved a SAR 300 million dividend for fiscal year 2025, representing SAR 1.50 per share. The distribution will begin on June 22, 2026. The meeting also approved the appointment of external auditors and elected a new board of directors.

Makkah Construction and Development Co. (4100) announced the results of its 39th Ordinary General Assembly Meeting held on June 2, 2026, with 54.21% shareholder attendance. The meeting approved a 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.

Key Decisions

Dividend Distribution

Total Dividend: SAR 300 million
Per Share: SAR 1.50 (15% of par value)
Distribution Start Date: June 22, 2026

Auditor Appointment

Shareholders approved the appointment of Al-Sayed Al-Ayouti and Partners as external auditor for 2026-2027 with total fees of SAR 850,000.

Board Election

Eleven new Board of Directors members were elected for a four-year term beginning June 10, 2026.

Related-Party Transactions

The assembly approved several related-party transactions, including:

Bridge financing of SAR 880,000,000 from AlJazira Bank
Hotel renovation contracts worth SAR 25,628,844

Context

The dividend approval follows the adoption of FY2025 financial statements and reflects the company's commitment to regular shareholder returns. The approval of bridge financing and renovation contracts signals ongoing expansion and development plans.

What This Means for Investors

The dividend provides a cash return of 15% on par value per share, which may support investor confidence. The appointment of a new auditor and board election enhance corporate governance.