Talaat Moustafa Group shareholders approve dividends

The dividends will be paid in two instalments

  

ArabFinance: Talaat Moustafa Group’s (TMG) (TMGH) ordinary general assembly approved a cash dividend of EGP 300 million or EGP 0.145 per share for 2020, according to the company’s filing to the Egyptian Exchange on March 29th.

The dividends will be paid in two instalments; the first one, valued at EGP 0.072 a share, will be paid no later than May 15th and the second worth EGP 0.072 a share will be paid no later than July 15th.

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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