Middle East Healthcare Company (Saudi German Hospital) announces that the dividends for 2020 will not be distributed to shareholders.
Middle East Healthcare Company (Saudi German Hospital) announces that the dividends for 2020 will not be distributed to shareholders.
| Introduction |
Introduction
Middle East Healthcare Company (Saudi German Hospital) announces the recommendation of the Board of Directors on 08/18/1442 AH corresponding to 03/31/2021 that the dividends for 2020 will not be distributed because the company needs to support the expansion projects and to renovate the hospitals buildings. Furthermore, the company is also upgrading the computer systems and medical equipments, so to improve operating efficiency and enhance its investments in the medical sector. |
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| Date of the board’s decision | 2021-03-31 Corresponding to 1442-08-18 |
| Reasons for Not Recommending Distribution | the company needs to support the expansion projects and current construction projects. |
| Approvals | This recommendation will be raised to the General Assembly Meeting for voting |
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