Canadian Medical Center board recommends 15% dividend for H1 2021

Logo of Canadian Medical Center

Canadian Medical Center’s board of directors recommended a 15% cash dividend for the first half of 2021, at SAR 1.5 per share, amounting to SAR 11.55 million, the company said in a bourse statement.

In a separate bourse statement, Canadian Medical Center announced that the company’s board of directors, in a meeting on Aug. 14, approved the dividend policy for 2021 and 2022. It will be presented during the next general assembly meeting for approval, the date of which will be announced later.

The policy aims to maintain a minimum dividend per share on the basis of SAR 3 annually. 

The company aims to distribute SAR 1.5 per share for each half-year period, for 2021 and 2022. The dividend policy will be subject to change, based on any fundamental changes in the company's strategy or sharp fluctuations in prices or any obligations that may arise in future.

According to data compiled by Argaam, Nomu witnessed, on Aug. 2, the listing and start of trading on shares of Canadian Medical Center, with code 9518 and international code SA15BG54KN10.