National Medical Care Company Announces Results of Ordinary General Assembly Meeting

Strategic Insights -

The National Medical Care Company has concluded its Ordinary General Assembly Meeting, marking a significant milestone in the company's fiscal year. The meeting, held on May 19, 2025, at the company's headquarters in Riyadh via the Tadawulaty Platform, witnessed a notable attendance of 59.60% of shareholders. The agenda for the meeting encompassed critical topics, including the review of the Board of Directors' report and the financial statements for the fiscal year ending December 31, 2024. Notable board members, including Chairman Saad Abdulmohsen Alfadly and Deputy Chairman Michael Davis, were present to address the assembly.

Key Takeaways:

  • The Ordinary General Assembly Meeting was attended by 59.60% of shareholders, with the meeting commencing at 19:30.
  • The assembly reviewed and approved the Board of Directors' report and the financial statements for the fiscal year ending December 31, 2024.
  • Shareholders approved a total remuneration of 3.70 million SAR for the Board of Directors for the year ending December 31, 2024.
  • The assembly sanctioned the distribution of cash dividends amounting to 89.38 million SAR to shareholders for the year 2024, at a rate of 2 SAR per share, equivalent to 20% of the share's par value.
  • Eligibility for the dividends is determined by share ownership on the date of the General Assembly Meeting, with registration in the Company's share registry at the Depository Center (Edaa) by the end of the second trading day following the due date.
  • The company confirmed that all reasonable inquiries have been made to ensure that the disclosure is not misleading, incomplete, or inaccurate.

Statistics:

  • 59.60% shareholder attendance at the Ordinary General Assembly Meeting
  • 3.70 million SAR total remuneration approved for the Board of Directors for the year ending December 31, 2024
  • 89.38 million SAR cash dividends sanctioned for distribution to shareholders for the year 2024
  • 2 SAR dividend per share, equivalent to 20% of the share's par value

Sources:

  • Saudi Exchange
  • National Medical Care Company