Saudi German Hospital board proposes withholding dividend for 2020

01/04/2021 Argaam

Logo of Saudi German Hospital

Middle East Healthcare Co.’s (Saudi German Hospital) board of directors recommended withholding cash dividends for 2020, the company said in a statement to Tadawul.

 

The company said that cash will be directed to support the expansion projects and renovate the hospitals buildings, in addition to upgrading the computer systems and medical equipment to improve operating efficiency and enhance its investments in the medical sector.

 

The recommendation is subject to approval of the upcoming general assembly.

 

The healthcare operator paid no dividends since 2017, which was at SAR 2 per share.

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