Logo of Arabian International Healthcare Holding Co. (Tibbiyah)
Shareholders of Arabian International Healthcare Holding Co. (Tibbiyah) approved the board’s recommendation to pay a 30% cash dividend, or SAR 3 per share, for 2021, during the extraordinary general meeting (EGM) held on 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 per share) |
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Record Date |
June 29, 2022 (Shareholders registered with Edaa by the close of the second trading day following the record date) |
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Payment Date |
July 18, 2022 |
Shareholders also greenlit Tibbiyah’s long-term incentive plan (LTIP), which was approved by the board of directors on April 21, 2022. The board was also delegated to set out the terms of such program, including the allocation price for each share offered to employees, if it is not for free.
Moreover, Tibbiyah’s buyback of 210,000 shares maximum, under the LTIP, was also approved. The buyback process will be financed by the company’s internal resources and the board will be authorized to finalize the repurchase process within 12 months maximum from the general assembly’s decision date. The repurchased shares will be retained by Tibbiyah for three years.
The board of directors was also authorized to pay cash dividends for 2022 on a semi-annual or a quarterly basis, the statement added.
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