Riyadh – Mubasher: The ordinary general meeting (OGM) of Mouwasat Medical Services approved the distribution of cash dividends for 2016.

The company will distribute dividends at SAR 2.5 per share or 25% of capital, totaling SAR 125 million, according to a bourse filing on Tuesday.

The distribution of the dividends will start as of 7 May through the National Commercial Bank (NCB) for the registered shareholders at the end of trades on the meetings' following day.

The OGM also agreed on the board and auditors’ reports for 2016, the statement added.

As for the financial results of the twelve-month period of 2016, the company posted SAR 255.9 million profits compared to SAR 208.8 million in 2015, with 22.56% increase.