Saudi's Mouwasat Medical Services announces cash dividends

The company distributes dividends of $66.6mln to shareholders for 2020

  
Traders monitor stock prices on screens at the Saudi Investment Bank in Riyadh. Image used for illustrative purpose

Traders monitor stock prices on screens at the Saudi Investment Bank in Riyadh. Image used for illustrative purpose

REUTERS/Faisal AlNasser
 
RIYADH: Mouwasat Medical Services’ board of directors recommended the distribution of cash dividends to the shareholders of the company for the fiscal year 2020, with a total amount of SR 250 million ($66.6 million), for 100 million shares, the company announced on Saudi Stock Exchange (Tadawul) on Thursday.

Mouwasat’s net profit has increased, after Zakat and taxes, by 73.15 percent in the third quarter of 2020, reaching SR 161.1 million, compared to SR 93.04 million in the same quarter of 2019.

The company’s net profit during first nine months of 2020 jumped 32.45 percent to SR 384.86 million, compared to SR 290.56 million in the same period of the 2019.

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