Egypt - The Egyptian Exchange (EGX) has limited down the stock of Egypt Kuwait Holding Company (EKHO) by 15.83%.
The temporary halt down of the stock will be 11.16%, according to an EGX disclosure.
This limit down will be applied as of the closing of the ex-dividend date session on April 23rd.
It has been decided as the company will distribute $0.6 per share cash dividend on April 28th for fiscal year 2019.
It is noteworthy to mention that Egypt Kuwait Holding registered consolidated net profits of $115.60 million in 2019.
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