Meahco distributes SR186m dividends to its shareholders

14/07/2016 05:22 AST

MIDDLE East Healthcare Company (Meahco), which owns Saudi German Hospitals, has held its first ordinary general meeting chaired by the President, Eng. Sobhi A. Batterjee, and attended by members of the general assembly and board of directors in Jeddah Hilton Hotel.

The meeting discussed the topics on its agenda and the assembly agreed on the distribution of dividends amounting to SR186 million to shareholders listed in the company’s registers up to the date of holding the meeting.

During the meeting, the assembly approved last’s year’s financial report. It also discussed the ending financial year’s agenda and benefits prospects as well as the plans and strategies enabling the company to achieve its objectives in the current year. Moreover, the recommendations proposed by the board of directors were approved.

Dr. Mamoun Al-Najjar, CEO, has reviewed the most prominent achievements and developments made by the company over the past year, and briefed the attendants on the performance of the company’s different sectors.

Eng. Batterjee, Chairman of Meahco, said the board faces significant challenges regarding the completion of development and growth process the company experiences in all its facilities, adding that such outstanding consequences, as Meahco investors felt, are attributed to the right choice of distinctive investment opportunities, as well as listing the company in the Saudi stock market, which had a significant impact on the development of the company’s business.

Meahco was listed in the Saudi stock market in March 2016.

Saudi Gazette