Dr. Sulaiman Al Habib unveils $109.2mln dividends for Q1-24

Reuters Images/Faisal Al Nasser

The company will grant 350 million eligible shares a dividend of SAR 1.17 per share, according to a bourse disclosure

Staff Writer, Mubasher

May 19, 2024

PHOTO

The board of Dr. Sulaiman Al Habib Medical Services Group agreed, on 18 May, to disburse cash dividends worth SAR 409.50 million for the first quarter (Q1) of 2024.

The company will grant 350 million eligible shares a dividend of SAR 1.17 per share, according to a bourse disclosure.

It is worth highlighting that the cash dividends account for 11.70% of Dr. Sulaiman Al Habib’s capital.

Eligibility and payment dates for the approved dividends will be 23 May and 10 June 2024, respectively.

In January-March 2024, the medical group recorded net profits valued at SAR 550.95 million, up 12.60% year-on-year (YoY )from SAR 489.27 million.

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