Saudi German Hospital shareholders approve dividend freeze for 2020

20/06/2021 Argaam

Logo of Saudi German Hospital

Middle East Healthcare Co.’s (Saudi German Hospital) shareholders approved withholding dividend for 2020, during the extraordinary general meeting (EGM) held on June 17, according to a bourse filing.

 

Shareholders also approved the board and audit reports along with financial statements for 2020.

 

During the meeting, shareholders endorsed the payment of SAR 1.4 million as remuneration for the board members for 2020, and releasing them from responsibilities for the same year.

 

They also ratified the amendment of Article 3 of the Articles of Association related to the company's objectives, and vote on competing business standards.

 

Shareholders also approved various business and contracts concluded with other companies.

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