Care shareholders to vote on SAR 45 mln dividend payout

Shareholders of National Medical Care Company (Care) will vote on the board of directors’ recommendation to distribute a 10 percent cash dividend, amounting to SAR 44.85 million (SAR 1 per share) for fiscal year 2017, at the extraordinary general assembly meeting on April 15.

Shareholders of record on the general assembly date, and those registered at the Securities Depository Center Co. (Edaa) by the end of the second trading day following the meeting, will be eligible to receive the dividend, the company said in a bourse statement on Wednesday.

The assembly will also vote on board of directors and auditor's report, remuneration paid to board members, and revised audit committee charter.  

They will also approve several commercial and business contracts, the statement added.