Madinet Masr to start dividends payment in May 2024

The dividends are set to be paid in two instalments, the first of which amounts to EGP 0.10 per share to be paid in May 2024, according to a bourse filing

Staff Writer, Mubasher

April 18, 2024

PHOTO

The Ordinary General Meeting (OGM) of Madinet Masr Housing and Development has approved the distribution of EGP 0.20 in cash dividends for 2023.

The dividends are set to be paid in two instalments, the first of which amounts to EGP 0.10 per share to be paid in May 2024, according to a bourse filing.

The second instalment amounts to EGP 0.10 per share to be paid in October.

Madinet Masr logged a 188.85% year-on-year (YoY) surge in the consolidated net profit to EGP 2.12 billion in 2023 from EGP 736.73 million.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.