Riyadh – Mubasher: The board of directors of Middle East Healthcare Co (MEAHCO), which owns Saudi German Hospitals, decided to hold its ordinary general meeting (OGM) on 8 June to discuss the distribution of cash dividends of SAR 2 per share for fiscal year 2016.

Total distributions amount to SAR 184.08 million, representing 20% of capital, according to a filing to the Saudi Stock Exchange (Tadawul) on Tuesday.

Dividends will be distributed among shareholders of record by the end of the OGM’s day and shareholders registered by the end of the second trading day following the maturity date. The distribution date will be 13 days after the OGM’s approval.

The Saudi healthcare firm had previously reported drop in its profits to SAR 361.86 million in 2016, from SAR 390.25 million in 2015.

Saudi German Hospitals’ stock closed on Wednesday at SAR 75.25, after losing 0.13%.