Riyadh – Mubasher: The ordinary general meeting (OGM) of Mouwasat Medical Services will be held on 4 April for voting on a number of items, including 2015 cash dividends.
Earlier, the board recommended distributing cash dividends at 20% of capital, or SAR 2 a share, totaling SAR 100 million eligible for shareholder of record till the close of trading on the OGM date.
The company operates with a paid-in capital of SAR 500 million, distributed across 50 million shares at SAR 10 each.
In the fourth quarter of 2015, the company’s net profits rose 6% year-over-year to SAR 54 million from SAR 51 million. Meanwhile, its FY15 profits fell by 13% to SAR 209 million, compared with SAR 240 million for 2014.
