Saudi’s Mouwasat Medical recommends 2.5 riyals dividend for 2016

Dubai: Saudi Arabia’s Mouwasat Medical Services, one of the kingdom’s largest listed health care providers, said on Monday its board was recommending paying a cash dividend of 2.5 riyals ($0.67) per share for 2016.

The proposed dividend, announced in a bourse filing, compares to a 2 riyals per share dividend the firm paid out for the previous year, according to Thomson Reuters data.

The health care firm reported an estimate-beating 34.2 per cent rise in its fourth-quarter net profit last week.