Equipment House shareholders to vote on 10% cash dividend for 2021 on June 29

Shareholders of Scientific & Medical Equipment House Co. (Equipment House) will vote on the board's recommendation on the payout of a 10% cash dividend, or SAR 1 per share, for 2021, during an extraordinary general meeting (EGM) scheduled for June 29, according to a bourse filing. 

The dividend distribution will start on July 25.

The shareholders will discuss authorizing the board to pay interim dividends on a semi-annual or a quarterly basis for 2022.

They will also vote on delegating the general assembly powers to the board for one year from the general assembly meeting's approval date or until the end of the board term, whichever comes earlier.

Other agenda items include voting on the company’s financial statements, as well as the board and auditor’s reports for 2021, Equipment House added.