Logo of Arabian International Healthcare Holding Co. (Tibbiyah)

Shareholders of Arabian International Healthcare Holding Co. (Tibbiyah) approved the board’s recommendation to pay a 30% cash dividend, or SAR 3 per share, for 2021, during the extraordinary general meeting (EGM) held on June 29, according to a bourse filing.

 

Dividend Details (2021)

Current Capital 

SAR 200 mln 

Number of Shares 

20 mln  

Total Dividend 

SAR 60 mln 

Percentage of Capital 

30% (SAR 3 per share) 

Record Date 

June 29, 2022 (Shareholders registered with Edaa by the close of the second trading day following the record date) 

Payment Date 

July 18, 2022 
 

Shareholders also greenlit Tibbiyah’s long-term incentive plan (LTIP), which was approved by the board of directors on April 21, 2022. The board was also delegated to set out the terms of such program, including the allocation price for each share offered to employees, if it is not for free.

 

Moreover, Tibbiyah’s buyback of 210,000 shares maximum, under the LTIP, was also approved. The buyback process will be financed by the company’s internal resources and the board will be authorized to finalize the repurchase process within 12 months maximum from the general assembly’s decision date. The repurchased shares will be retained by Tibbiyah for three years.

 

The board of directors was also authorized to pay cash dividends for 2022 on a semi-annual or a quarterly basis, the statement added.

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