Logo of the Canadian Medical Center Co. (CMCER
The decision of Canadian Medical Center Co.’s (CMCER) board of directors to distribute 15% cash dividend for H2 2021, in addition to a rise in the net profit by 83% from H1 2021 and by 21% from H2 2020 indicates that the company is steadily achieving its targets, Chairman Khalid Al-Ammar said.
The growth in revenue and net profit is the result of the projects operated by the company in 2021, which began to bear fruit in H2 2021, the chairman added.
He also pointed out that the company's dividend policy stems from the board's belief in the need to distribute dividends to shareholders. He also underlined the company’s need to expand its activities and enter new markets, in order to achieve the growth that enhances its dividend policy.
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