‎“Care” GA agrees to distribute SR44.8 mln cash dividends for ‎‎2022‎

Board of Directors of National Medical Care Company announced the results of voting on the agenda items of the Ordinary General Assembly meeting (the first meeting), which was held on Monday evening.

Voting results:

– The report of the Board of Directors for the fiscal year ending on 12-31-2022 AD was reviewed and discussed.

– Approval of the auditor’s report for the fiscal year ending on 12-31-2022 AD.

– The financial statements for the fiscal year ending on 12-31-2022 AD were reviewed and discussed.

Approving the appointment of the auditor of PricewaterhouseCoopers to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2023 AD and the first quarter of the fiscal year 2024 AD, and to determine his fees.

– Approval of disbursing an amount of (1,900,000) riyals as a reward for the members of the Board of Directors for the fiscal year ending on 12-31-2022 AD.

– Approval to release the members of the Board of Directors from liability for the fiscal year ending on 12-31-2022 AD.

– Approval of the Board of Directors’ recommendation to distribute cash dividends in the amount of (44,850,000) riyals to shareholders for the financial period 12-31-2022 AD (1 riyal per share and 10% of the capital), provided that the eligibility is for shareholders who own shares at the end of Trading on the day of the General Assembly meeting and those registered in the company’s shareholder register with the Securities Depository Center Company (Edaa Center) at the end of the second trading day following the due date, noting that the profits will be disbursed on 07/10/2023 AD.

– Approval of delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval of the Ordinary General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with For the conditions stipulated in the executive regulations of the Companies Law for listed joint stock companies.