Riyadh – Mubasher: Dallah Healthcare Company’s (DHC) board of directors recommended on Tuesday, 12 December, distributing cash dividends for the shareholders for the fiscal year 2017 with a par value of SAR 2.5 per share.

Total dividends amounted to SAR 147.5 million and will be distributed on 59 million shares, , according to a statement to the Saudi Stock Exchange (Tadawul).

Distributions’ ratio represents 25% of the shares’ par value, dividends eligibility will be for shareholders registered in the group’s register at the depository centre by the end of the second trading day following the shareholders’ meeting.

The dates of the firm’s shareholders meeting and dividend distributions will be announced later.

The board approved distributing bi-annual cash dividends to shareholders starting from FY 2018.

DHC’s net profit jumped 26.3% to SAR 76.8 million in the third quarter of 2017, from SAR 60.8 million in Q3-16.

By 11:18 am KSA time, the stock shed 0.39% reaching SAR 102.