Saudi German Hospital shareholders to vote on 2020 dividend freeze on June 17

Logo of Saudi German Hospital

Middle East Healthcare Co.’s (Saudi German Hospital) shareholders will vote on withholding dividend for 2020, during the ordinary general meeting (OGM) that will be held on June 17, 2021, according to a bourse filing.

Shareholders will vote on approving the board and audit reports along with financial statements for 2020.

They will also discuss appointing an auditor from among the candidates based on the recommendation of the audit committee to examine, review and audit the financial statements for Q2, Q4 and 2021, and Q1 2022, and determine their fees.

Meanwhile, shareholders will endorse the payment of SAR 1.4 million as remuneration for the board members for 2020, and releasing them from responsibilities for the same year.

They will ratify to amend Article 3 of the Articles of Association related to the company's objectives, and vote on competing business standards.

They will also vote on various business and contracts that will be concluded with other companies.

Shareholders will vote on the agenda items as of June 14, 2021, through the Tadawulaty services.