Canadian Medical Center shareholders to vote on 15% cash dividend for H1 2021 on Oct. 6

Logo of Canadian Medical Center

Shareholders of Canadian Medical Center are set to vote on a board recommendation to distribute a 15% cash dividend for the first half of 2021, at SAR 1.5 per share, during the ordinary general assembly meeting (OGM) that will be held on Oct. 6.

The company said in a bourse filing that shareholders will also vote on authorizing the board of directors to distribute interim dividends on a semi-annual basis for 2021, and the recommendation for the dividend policy for 2021 and 2022.

The company aims to distribute SAR 1.5 per share for each half-year period of 2021 and 2022.

The dividend policy will be subject to change, based on any fundamental changes in the company's strategy, sharp fluctuations in prices, or any obligations that may arise on the company in the 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.