Saudi German Health shareholders approve dividend freeze for 2023

23/06/2024 Argaam
Logo ofMiddle East Healthcare Co. (Saudi German Health)

Logo of Middle East Healthcare Co. (Saudi German Health)

Middle East Healthcare Co.’s (Saudi German Health) shareholders approved the board recommendation to withhold dividends for 2023, during the extraordinary general meeting (EGM) held on June 13, according to a statement to Tadawul.

 

Shareholders further ratified a number of business contracts, which included the Chairman, Vice-Chairman or board members as related parties.

 

 

The company’s board of directors recommended, on March 30, paying no dividends for 2023, in an attempt to support expansions and current construction projects, Argaam earlier reported.

 

Furthermore, the company was also renovating existing hospitals as well as upgrading the systems and medical equipment.

 

Saudi German Health last paid dividend at SAR 2 per share, or 20% of the capital, for 2017.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.