Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) on Monday announced that its shareholders had approved distributing a cash dividend of SAR 2 per share, representing 20% of the company's capital, for the full-year 2017 during an ordinary general meeting (OGM) held the previous day.
The Saudi company will pay dividends totalling SAR 184.08 million, according to Saudi German’s statement to the Saudi Stock Exchange (Tadawul).
Shareholders of Saudi German Hospital’s shares at the end of trading on Sunday, 24 June 2018 and registered with the Securities Deposit Center Company at the end of the second day of trading following the maturity date will be entitled to the distributions. The cash dividend will be paid to shareholders on Thursday, 12 July 2018, the healthcare services provider noted.
In 2017, Saudi German’s profits declined 17.25% to SAR 300.08 million from SAR 362.64 million in the year before.
By 10:02 am Saudi time, Saudi German Hospital’s stock went down 2.51% at SAR 58.20.
