Riyadh – Mubasher: National Medical Care Co on Wednesday announced that the company’s shareholders had approved distributing a cash dividend of SAR 1 per share, or 10% of the share’s nominal value, for 2018 during an ordinary general meeting (OGM) held the previous day.

Dividends will be distributed on 9 May, according to a statement to the Saudi Stock Exchange (Tadawul).

The eligibility of dividends shall be for the shareholders owning shares on 23 April and as per the registered shareholders in the register of the Securities Depository Center Company at the end of the second trading day following the eligibility date.

The OGM also approved stopping the allocation of 10% of net profits to the statutory reserve for exceeding 30% of the paid-up capital.

For the full-year 2018, National Medical Care’s profits plunged 27.1% to SAR 62.18 million, compared to SAR 85.3 million in 2017.