Saudi German Hospital to discuss 20% cash dividend on June 8

30/05/2017 Argaam

Middle East Healthcare Company (Saudi German Hospital) will on June 8, 2017 discuss the board’s recommendation on paying cash dividend at 20 percent of capital, or SAR 2 a share, totaling SAR 184.08 million for 2016.

 

The dividend will be paid 13 days after the ordinary general meeting’s approval of the board proposal.

 

Shareholders will approve the board of directors’ report, an audit report and consolidated financial statements for 2016, the company said in a bourse statement.

 

Shareholders will also discharge board members from liability associated with their activities in 2016, and select an external auditor for 2017.

 

During the meeting, shareholders will endorse SAR 2.8 million in board bonuses for 2016.

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