Cairo – Mubasher: The ordinary general meeting (OGM) of Arab Moltaqa Investments has approved a cash dividend distribution of 5 piasters per share for 2021.
The company will also distribute bonus shares, equivalent to 20% of the issued capital, according to a bourse filing on Monday.
Meanwhile, the shareholders have agreed on increasing the company's issued and paid-up capital to EGP 360 million from EGP 300 million via bonus share issuance.
It is noteworthy to mention that in 2021, the company reported consolidated net profits of EGP 144.94 million, compared to EGP 97.93 million in 2020, including minority shareholders’ rights.
