TMG announces payout date of dividends

The first installment amounts payable on May 12

  
Traders work at the Egyptian stock exchange in Cairo, November 19, 2014.

Traders work at the Egyptian stock exchange in Cairo, November 19, 2014.

REUTERS/Mohamed Abd El Ghany

ArabFinance:Talaat Moustafa Group (TMG) (TMGH) declared annual cash dividends of EGP 0.145 per share distributed in two installments.

The first installment amounts to EGP 0.072, payable on May 12th, 2021.

The second installment amounts to EGP 0.072, payable on July 15th, 2021.

Shareholders recorded on May 9th are entitled to cash dividends distribution.

The real estate developer reported an 11% Year on Year decline in its consolidated net profit in 2020, recording EGP 1.671 billion.

TMG is an Egypt-based company engaged in real estate investment activities. The company establishes and develops hotels and touristic and residential projects in Egypt.

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