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Makkah Construction Calls General Assembly for SAR 300M Dividend

Makkah Construction and Development Co. (4100) has called its 39th Ordinary General Assembly Meeting for June 2, 2026, to seek approval for a SAR 300 million dividend distribution for fiscal year 2025, representing SAR 1.50 per share (15% of nominal value).

May 6, 2026
2 min read
Source: Saudi Exchange
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Key Numbers

dividend total
SAR 300,000,000
dividend per share
SAR 1.50
dividend yield percent
15%
board remuneration
SAR 5,373,000
bridge financing
SAR 880,000,000

Makkah Construction and Development Co. (4100) has 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.

Meeting Agenda

Key items on the agenda include:

  • Dividend Distribution: Approval of SAR 300,000,000 cash dividend for FY2025, at SAR 1.50 per share (15% of nominal value), with distribution starting June 22, 2026.
  • Board Remuneration: Approval of SAR 5,373,000 in remuneration for board members.
  • Board Election: Election of new board members for a 4-year term starting June 10, 2026.
  • Related-Party Transactions: Approval of an SAR 880,000,000 bridge financing facility with AlJazira Bank.

Voting Procedure

Electronic voting opens on May 29, 2026 at 1:00 AM and continues until the meeting concludes.

Context

The dividend proposal follows the company's FY2025 financial results, offering a 15% cash return to shareholders. The stock (4100) is listed on the Saudi Main Market (Tadawul).

What This Means for Investors

The proposed dividend provides a direct cash return, while the bridge financing indicates ongoing capital needs. Shareholders are encouraged to vote electronically and participate in the meeting to voice their opinions on the agenda items.

Frequently Asked Questions

The meeting is scheduled for June 2, 2026 at 6:30 PM via modern technology means.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.