Saudi’s major hospital operator to distribute 4% cash dividend

Saudi’s major hospital operator to distribute 4% cash dividend

Saudi Arabia's Dr Sulaiman Al Habib Medical Group, one of the biggest operators of hospitals in the Middle East, has announced that it will be distributing cash dividend to its shareholders.In a bourse filing on Sunday, the company said its board of directors have recommended a dividend of .40 Saudi riyals per share for the second quarter of 2020.It will be paid in cash on September 6, 2020.The percentage of the dividend to the share per value is 4 percent.The company operates hospitals and clinics in the kingdom, as well as in the UAE and Bahrain.The group's sales or revenues went up by 3.9 percent in the second quarter of the year compared to the same period last year. Compared to the previous quarter, however, its sales registered a 10.4