Credit Agricole Egypt's OGM agrees on EGP 3.42/shr dividends
The bank's net profits increased by 7.2%
By Staff Writer, Mubasher
Cairo – The shareholders of Credit Agricole Egypt have agreed on paying out cash dividends of EGP 3.42 per share for the fiscal year 2019.
During the ordinary general meeting (OGM), the shareholders have authorised the board to conclude agreements with Credit Agricole Group at a total amount of EGP 60.153 million and the loan to Egyptian Housing Finance Co of a maximum of EGP 250 million.
It is noteworthy to highlight that in 2019, the bank's net profits increased by 7.2% year-on-year (YoY) to EGP 2.36 billion from EGP 2.2 billion in 2018.
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.