Sulaiman Al Habib Group shareholders to vote on interim dividends for 2020 on May 10

Dr Sulaiman Al Habib Medical Group’s shareholders are set to vote on authorizing the board of directors to distribute interim dividends on a semi-annual and quarterly basis for the fiscal year 2020, during its general assembly meeting to be held on May 10.

Shareholders will also vote on appointing an external auditor to audit the company’s financials for FY 2020 and Q1 2021, in addition to a board remuneration of SAR 1.8 million for the full year.

They will further vote on appointing Nabil bin Mohammed Omar Al-Amoudi as an independent member, effective March 30, 2020 until December 9, 2021, as well as amending the articles related to the company’s name, shareholders and board vacancies.

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system, as per the Capital Market Authority’s (CMA) circular issued on March 16, in line with the government’s efforts to prevent the spread of coronavirus.

Dr Sulaiman Al Habib Medical Group was listed and started trading on the Saudi Stock Exchange (Tadawul) on March 17.