Publisher: Maaal International Media Company
License: 465734
Friday, 9 May 2025
Makkah BOD recommends not distributing dividends to support company financial position
Makkah Construction and Development Company announced on Sunday the recommendation of the Board of Directors not to distribute cash dividends to shareholders for the fiscal year. This is based on Council Resolution No. 240.
It explained that this is to strengthen its financial position, as the profits achieved for a short period of 6 months and 14 days are due to the shift of the fiscal year from Hijri to Gregorian.
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