Riyadh-Mubasher: The ordinary general meeting of Mouwasat Medical Services agreed on the board’s recommendation of paying dividends at 20% of capital for FY15.
Mouwasat’s shareholders proposed the cash dividends at SAR 2 per share, with an overall amount of SAR 100 million ($26.67 million). The distribution of dividends will start 25 April.
The medical firm achieved SAR 54 million ($14.4 million) profits in Q4-15 as compared to SAR 51 million ($13.6 million) in Q4-14, a growth of 6%.
