Al Mouwasat shareholders to vote on 30% dividend May 2

Al Mouwasat Medical Services Co.’s shareholders will vote on the board’s recommendation on paying a 30 percent cash dividend (SAR 3 per share) for the fiscal year 2017 in the upcoming general assembly meeting on May 2.

Registered shareholders at the Securities Depository Center Co. (Edaa) by the end of the second trading day following the meeting are eligible to receive the dividend, the company said in a statement to Tadawul on Sunday.

In addition, the board’s annual report, financial statements, auditors’ report and related party transactions for fiscal year 2017 will be reviewed.

Additionally, shareholders will vote on approving the board remuneration amounting to SAR 2.7 million, appoint external auditors, and discharge board members from liabilities for the previous fiscal year, the statement added.