Misr Hotel’s OGM okays annual dividends

The company incurred a net loss

ArabFinance:Misr Hotels Company’s (MHOT) ordinary general meeting approved annual dividends for the fiscal year (FY) 2019/2020, according to the company’s November 1st statement filed to the Egyptian Exchange.

Misr Hotel will distribute EGP 0.35 per share.

The company incurred a net loss of EGP 67,850,643 in the first three months of FY 2020/2021, against EGP 61,669,183 posted in the prior-year period.

Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities. The company focuses on hotel and tourism activities, including construction, purchase, and sale of hotels, resorts, casinos, restaurants, strips, and other tourist facilities.

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