Middle East Healthcare Co. Announces Non-distribution of Cash Dividends to Shareholders for financial year of 2022
Middle East Healthcare Co. Announces Non-distribution of Cash Dividends to Shareholders for financial year of 2022
| Introduction |
Introduction
Middle East healthcare Company (Saudi German Health) announces that the Board of Directors recommended on 08/09/1444H corresponding to 30/03/2023 not to distribute dividends to shareholders for the financial year of 2022 because 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. |
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| Date of the board’s decision | 2023-03-30 Corresponding to 1444-09-08 |
| Reasons for Not Recommending Distribution | The company needs to support the expansion projects and current construction projects. |
| Approvals | These recommendations will be raised to the General Assembly Meeting for voting. |
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