Saudi German Hospital shareholders withhold FY19 dividend, elect new board of directors

30/06/2020 Argaam

 

Shareholders of Middle East Healthcare Co. (MEAHCO), the owner and operator of the Saudi German Hospitals chain, approved withholding dividend for the fiscal year 2019 during the general meeting held on June 29.

 

They elected a new board of directors for the next three-year term, starting Sept. 17, 2020, and approved financial statements as well as audit and board reports for the same fiscal year, the company said in a statement to Tadawul on Tuesday.

 

Shareholders also discharged board members from liabilities during FY2019, and appointed KPMG Al Fozan & Partners as an external auditor to audit financial statements for Q2, Q3, FY2020 and Q1 2021.

 

A board remuneration of SAR 1.4 million was also endorsed and a new audit committee was formed for the next three-year term, the statement added.

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