Makkah Construction’s shareholders nod to non-distribution of dividends

Makkah Construction incurred net losses

  
Riyadh – Mubasher: The shareholders of Makkah Construction and Development approved, during the ordinary general meeting (OGM) on Monday, the board’s recommendation of not distributing cash dividends for 2020.

The shareholders reached this resolution as the company did not achieve any profit last year.

Makkah Construction incurred net losses of SAR 59 million in 2020, against net profits of SAR 236 million in 2019.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities