Starting January 15, “SMC” distributes 200 million riyals in exceptional profits
The General Assembly of the Specialized Medical Company (SMC Healthcare), held on January 6, 2026, approved the Board of Directors’ recommendation to distribute exceptional cash dividends in the amount of 200 million riyals to shareholders.
The company explained in a statement on: "Saudi Arabia trading"Today, Wednesday, the distribution will be made at 0.80 riyals per share, at a rate of 80% of the nominal value of the share, provided that the eligibility will be for the shareholders who own the shares at the end of trading on the day of the assembly and who are registered in the company’s shareholder registry with the Securities Depository Center Company (the Depository Center) at the end of the second trading day following the maturity date, and the distribution of dividends will begin on January 15 of this year.
The General Assembly also approved the Board of Directors’ recommendation to transfer the entire balance of the statutory reserve, which amounts to 49.65 million riyals as in the audited annual consolidated financial statements for the financial year ending on December 31, 2024, and the interim condensed consolidated financial statements for the third quarter ending on September 30, 2025, to the balance of retained earnings.
The meeting also witnessed the approval of the appointment of Deloitte & Touche & Co. Certified Accountants and Auditors as the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the quarter. The first of the fiscal year 2026, setting their fees at an amount of 140 thousand riyals, excluding value-added tax.
At the same meeting, the General Assembly agreed to amend Article (2) of the company’s bylaws, related to the company’s name.
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