Saudi German Health Board Recommends Against 2023 Dividend Distribution to Fuel Expansiona

On Sunday, Middle East Healthcare Company, known as Saudi German Health, disclosed a strategic decision by its Board of Directors made on March 30, 2024, advising against the distribution of cash dividends for the fiscal year 2023. This recommendation stems from a critical need to allocate financial resources towards supporting the company’s ambitious expansion and ongoing construction projects.

The healthcare provider is currently engaged in significant efforts to renovate its hospital facilities and enhance both the systems and medical equipment. These enhancements are aimed at improving hospital operations and bolstering the company’s investments in the healthcare sector, setting a solid foundation for future growth and operational excellence.