Saudi German Hospital to withhold dividend for FY 2018

09/05/2019 Argaam

 

Middle East Healthcare Co.’s (MEAHCO), which owns and runs Saudi German Hospitals, board of directors has recommended to hold off on issuing a cash dividend for fiscal year 2018, the company said in a bourse statement.

 

The step aims to support the expansion projects, renovate the hospital buildings and upgrade the medical equipment.

 

The decision is pending approval by the general assembly.

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