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Middle East Healthcare Co. (Saudi German Health) Announces Non-distribution of Cash Dividends to Shareholders for Financial Year of 2023
4009
SAUDI GERMAN HEALTH
5.09
%
1445/09/21 31/03/2024 08:35:27
| Element List | Explanation |
|---|---|
| Introduction | Middle East healthcare Company (Saudi German Health) announces that the Board of Directors recommended on 20/09/1445H corresponding to 30/03/2024 not to distribute dividends to shareholders for the financial year of 2023 due the company needs to support the expansion projects and current construction projects. Furthermore, the company is also continuing the renovation of the hospital buildings as well as upgrading the systems and medical equipment. This will improve the operation of the hospitals and increase the company investment in the healthcare sector. |
| Date of the board’s decision | 2024-03-30 Corresponding to 1445-09-20 |
| Reasons for Not Recommending Distribution | The company needs to support the expansion projects and current construction projects. |
| Additional Information | These recommendations will be raised to the General Assembly Meeting for voting. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 57.8
Net Change 2.8 (+5.09%)
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