Aldawaa shareholders OK statutory reserve transfer to retained earnings, interim dividends

Logo of Aldawaa Medical Services Co.

Aldawaa Medical Services Co.’s shareholders approved the transfer of statutory reserve amounting to SAR 59.46 million, as in financial statements for FY ended on Dec. 31, 2022, to retained earnings, during an extraordinary general assembly meeting held yesterday, the company said, in a statement to Tadawul.

Shareholders also authorized the board of directors to distribute semi-annual and quarterly interim dividend for FY 2024, and approved other agenda items.

The company's board of directors declared, on Jan. 1, a 12.5% cash dividend for the second half of 2023, at SAR 1.25 per share, amounting to SAR 106.25 million, according to data available to Argaam.