ProMedEx shareholders approve 28.5% cash dividend for H1 2023

Logo of Professional Medical Expertise Co. (ProMedEx)

Professional Medical Expertise Co.’s (ProMedEx) shareholders approved the board’s proposal to pay a cash dividend at 28.5% of capital, or SAR 2.85 a share, for H1 2023.

 

The approval was made during the extraordinary general meeting (EGM) held on Jan. 7, according to a filing to Tadawul.

 

Dividend Details (H1 2023)

Current Capital

SAR 35 mln

Number of Shares

3.5 mln

Total Dividend

SAR 10 mln

Percentage of Capital

28.5% (SAR 2.85 a share)

Record Date

Jan. 7, 2024 (Shareholders registered with Edaa on the second trading day following the record date)

Payment Date

Jan. 25, 2024
 

Shareholders also approved authorizing the board to distribute semi-annual interim dividends for 2023.

 

They also greenlit amending Article 4 of the company's Bylaws related to the company's business, through adding the activity of maintaining medical devices and supplies, and the activity of installing radiological and medical equipment and devices.

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