ArabFinance: Mohandes Insurance Company’s (MOIN) board of directors proposed annual cash dividends of EGP 50 per share, for the fiscal year 2019/2020, according to the company's September 9thstatement filed to the Egyptian Exchange.

On September 8th, the board ratified the financial statement for the FY 2019/2020 and the dividends.

The company posted a consolidated net profit after minority interest reached EGP 149,566,358 in fiscal year (FY) 2019/2020, a 3% increase from EGP 144,960,259 achieved in FY 2018/2019.

Standalone net profit stood at EGP 112,287,386 in FY 2019/2020, a 21% increase from the EGP 92,217,949 posted in FY 2018/2019.

The Egypt-based public shareholding company engaged in the insurance sector. It offers life and non-life insurance, and reinsurance products and services. Its products and services portfolio falls into two main insurance segments, namely individual insurance and property insurance.

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