Middle East Healthcare Co. Announces Non-distribution of Cash Dividends to Shareholders for financial year of 2021

Middle East Healthcare Co. Announces Non-distribution of Cash Dividends to Shareholders for financial year of 2021

|Element List||Explanation|

|Introduction||Middle East healthcare Company (Saudi German Hospital) announces that the Board of Directors recommended on 28/08/1443H corresponding to 31/03/2022 not to distribute dividends to shareholders for the financial year of 2021 because the company needs to support the expansion projects and current construction projects. Furthermore the company is also continuing the renovation of the hospital buildings as well as upgrading the systems and medical equipment. This will improve the operation of the hospitals and increase the company investment in the healthcare sector.|

|Date of the board’s decision||2022-03-31 Corresponding to 1443-08-28|

|Reasons for Not Recommending Distribution||The company needs to support the expansion projects and current construction projects.|

|Approvals||These recommendations will be raised to the General Assembly Meeting for voting|