‎“Mouwasat” distributes SR 350 million in cash dividends for ‎year 2023‎

The Board of Directors of Mouwasat Medical Services Company recommended distributing cash dividends to shareholders for the fiscal year 2023 in the amount of 350 million riyals, equivalent to 17.5% of the nominal value of the share.

The number of shares eligible for distribution is 200 million shares, at 1.75 riyals per share, and the date of eligibility for cash distributions for shareholders who own shares on the day of entitlement registered in the company’s shareholder register at the depository center will be at the end of the second trading day following the date of the company’s general assembly, which will be announced. It will be held at a later date after obtaining the approval of the competent authorities

The company drew the attention of non-resident shareholders to the fact that their profits will be subject to a withholding tax of 5% when transferred to their accounts, in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Executive Regulations.