Al-Dawaa shareholders to vote on interim dividends for 2022 on June 26

Logo of Al-Dawaa Medical Services Co.

Al-Dawaa Medical Services Co.'s (DMSCO) shareholders will vote on authorizing the board to distribute interim dividends on a semi-annual or quarterly basis for 2022, during the extraordinary general meeting (EGM) slated for June 26, according to a bourse filing.

The vote on interim dividends is conditional on shareholders approving Article 48 of the dividend statute to add as the fifth item: “The company may distribute interim dividends to its shareholders in a semi-annual or quarterly manner after it meets the regulatory requirements.”  

Additionally, shareholders will vote on amending a number of bylaws, including those related to company’s objectives. The healthcare services provider seeks to add “human health and social work activities” to its core activities.  

Shareholders will also vote on the board and auditor’s reports as well as financial statements for 2021. Other agenda items include vote on the business and contracts concluded with other companies.  

Al-Dawaa was listed and started trading on the Saudi Exchange (Tadawul) on March 14, 2022, Argaam reported.