Egypt - MM Group for Industry and International Trade's (MM Group) (MTIE) ordinary general assembly approved annual cash dividends of EGP 0.25 per share, totaling 119.882 million, according to a statement filed to the Egyptian Exchange.

The Financial Regulatory Authority approved the publication of the disclosure form submitted MM Group to increase its capital.

On a yearly basis, the company’s consolidated net profit fell 20% to EGP 366.41 million in 2020.

MM Group is an Egypt-based company, which operates in the consumer electronics distribution and retail segment. The company operates through five divisions such as automotive and the consumer.

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