Care GA Approves BOD Recommendation to Distribute 10% of Capital as Dividends for 2021

The Board of Directors of the National Medical Care Company announced on Wednesday the results of voting on the agenda items for the Extraordinary General Assembly meeting (first meeting). The percentage of attending shareholders is 58.46%.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

1. Approval on the Board of Director’s report for the fiscal year ending on 31/12/2021

2. Approval the auditor’s report for the year ending on 31/12/2021

3. Approval on the financial statements for the fiscal year ending on 31/12/2021

4. Approval on the appointment of PWC as auditor for the company, from among nominees, to audit the quarterly (Q2 and Q3) and annual financial statements for 2022. In addition to Q1 2023 financial statements, as well as their fees.

5. Approval to distribute the amount of (SR1,900,000) as a remuneration to the Board of Directors for the fiscal year ending on 31/12/2021

6. Approval on discharge the Board of Directors for the fiscal year ending on 31/12/2021

7. Approval on appointing (Mr. Faraj bin Saad Al-Qabani) as a non-executive member of the Board of Directors, starting from the appointment on 7/13/2021 to complete the board’s membership until the end of the current membership on 9-14-2022, instead of (Mr. Abdulmohsen bin Hamad Al-Ashry), a non-executive member representing the Saudi Medical Care Group.

8. Approval on the amendment of Article 8 of the company’s bylaws relating to subscription for shares

9. Approval on the amendment of Article 11 of the company’s bylaws relating to issuance of shares

10. Approval to add Article 12 of the company’s bylaws relating to shares trading

11. Approval on the amendment of Articles 16 of the company’s bylaws relating to issuing bonds and sukuk

12. Approval on the amendment of Article 19 of the company’s bylaws relating to board vacancy

13. Approval on amendment of Articles 20 of the company’s bylaws relating to Authorizations of the Board

14. Approval on the amendment of Article 22 of the company’s bylaws relating to Authorizations of Chairman, Vice Chairman, Managing Directors, and board Secretary.

15. Approval on the amendment of Article 30 of the company’s bylaws relating to invitations for general meetings.

16. Approval on the amendment of Article 32 of the company’s bylaws relating to quorum of Ordinary General Assembly’s Meeting.

17. Approval on the amendment of Article 33 of the company’s bylaws relating to quorum of Extraordinary General Assembly meeting.

18. Approval on amendment of Articles 38 of the company’s bylaws relating to Committee formation.

19. Approval on the amendment of Article 41 of the company’s bylaws relating to Audit Committee Reports.

20. Approval on amending Articles 45 of the company’s bylaws relating to financial documents.

21. Approval on the amendment of Article 49 of the company’s bylaws relating to company losses.

22. Approval on the Board of director’s recommendation to distribute cash dividends in the amount of SR44,850,00 to shareholders for the financial period 3 1-12-2021, at SR1 per share and 10% of the capital. The eligibility of dividends distribution will be for the shareholders of the company who own shares on the eligibility date and are registered in the company’s share registry at the securities depository centre company at the end of the second trading day following the eligibility date. Noting that dividends will be disbursed on 31May, 2022.