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Al-Habib Medical Group recommends distributing 9.3% cash dividends for the fourth quarter

by Alexandra Hartman Editor-in-Chief

The share share from the distribution is 0.39 riyals

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Dr. Sulaiman Al-Habib Group for Medical Services – “Suleiman Al-Habib” announced the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fourth quarter of the fiscal year 2022, with a total of regarding 325.5 million riyals for the number of dividend-bearing shares, 350 million shares.

The group said in a statement on “Tadawul Saudi Arabia”, today, Sunday, that the share of the share from the distribution is 0.39 riyals, with a distribution ratio to the nominal share value of 9.3%.

The eligibility for dividends will be for shareholders who own shares at the end of trading on Thursday, February 23, 2023 AD, corresponding to 3 Shaaban 1444 AH, provided that the eligibility is for shareholders who own shares on the due date and are registered in the company’s shareholder register with the Securities Depository Center Company at the end of the second trading day following the due date.

The distribution date will be Monday, March 13, 2023.

The data of the “Suleiman Al Habib Group” showed that its net profit following zakat and tax increased by 19.91% in 2022, to regarding 1.65 billion riyals, compared to a net profit of regarding 1.38 billion riyals in 2021.

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