Logo of Arabian International Healthcare Holding Co. (Tibbiyah)
Shareholders of Arabian International Healthcare Holding Co. (Tibbiyah) will discuss the board’s recommendation to pay a cash dividend at 30% of capital, or SAR 3 a share, for 2021, during the extraordinary general meeting (EGM) scheduled for June 29, according to a bourse filing.
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Dividend Details (2021) |
|
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Current Capital |
SAR 200 mln |
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Number of Shares |
20 mln |
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Total Dividend |
SAR 60 mln |
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Percentage of Capital |
30% (SAR 3 a share) |
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Record Date |
June 29, 2022 (Shareholders registered with Edaa on the second trading day following the record date) |
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Payment Date |
July 5, 2022 |
Shareholders will also vote on the long-term incentive plan (LTIP), which was approved by the board of directors on April 21, 2022, and will delegate the board to set out the terms of such program, including the allocation price for each share offered to employees if it was in exchange of fees.
In addition, shareholders will discuss the buyback of 210,000 shares maximum, under the LTIP. The share buyback will be financed from the company’s internal resources and the board will be authorized to finalize the repurchase process within 12 months maximum from the general meeting decision date. The company will retain the shares for three years.
During the meeting, the board of directors will be further authorized to pay cash dividend for 2022 on a semi-annual or a quarterly basis, the statement added.
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