The board of directors of Middle East Healthcare Co.' (MEAHCO), which owns and operates Saudi German Hospitals, has recommended a 20 percent cash dividend for the fiscal year 2017, at SAR 2 per share, amounting to SAR 184.08 million.
|Cash Dividend Details (FY 2017)|
|Current Capital||SAR 920.40 mln|
|Number of shares||92.04 mln|
|Cash dividend||SAR 184.08 mln|
|Percent capital||20% (SAR 2 per share)|
|Record date||General assembly meeting|
|Payment date||To be determined|
Saudi German Hospital opens its own outpatient clinic under the name "Beverly" in Jeddah at cost of SR 22 million Riyals
The project is expected to be finalized by June 2019. In December 2016, MEAHCO awarded a SAR 336.4 million, 30-month contract for the construction of a Saudi German Hospital in Dammam to International Hospital Construction Co.MEAHCO currently owns four Saudi German Hospitals — located in Jeddah, Riyadh, Madinah and Khamis Mushait. It also owns a 32.3 percent stake in Hail National Health Services Co. and is currently building a new hospital in Hail.