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Logo of Saudi German Health
Shareholders of Middle East Healthcare Co.’s (Saudi German Health) will vote on the board’s recommendation not to distribute cash dividends for 2021, during the ordinary general assembly meeting (OGM) scheduled for June 16, the company announced in a bourse statement.
The shareholders will also vote on delegating the board of directors he OGM powers for one year from the shareholders’ approval date or until the end of the board term, whichever is earlier.
Furthermore, they will vote on other agenda items, including the participation of the company in the capital of Sobhi Abdul Jalil Batterjee Medical Hospital (Al Sobh New Medical Co.) with SAR 70 million, in which the chairman, Batterjee and some board members have indirect interests.
In March, the company’s board of directors recommended withholding cash dividends for 2021, in order to support expansion and under-construction projects, Argaam reported.
Related News
Saudi German Health board approves investment in Batterjee Medical Hospital |
Saudi German Health board recommends dividend freeze for 2021 |
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