Talaat Moustafa Group to distribute cash dividend of EGP 0.088/share
The company said the cash dividend will be disbursed in two equal installments
By Staff Writer, Arab Finance
Egypt - Talaat Moustafa Group (TMG) Holding (TMGH) will distribute cash dividends of EGP 0.088 per share to shareholders recorded on May 11th, according to the company statement filed the Egyptian Exchange.
The company said the cash dividend will be disbursed in two equal installments. The installment amounts EGP 0.044 per share payable on May 14th and July 15th.
In 2019, the company posted a consolidated net profit of EGP 1.872 billion, a 10% increase from EGP 1.704 billion in 2018.
Standalone net profit reached EGP 471.139 million in 2019, compared to EGP 309.797 million a year earlier, with a 52% increase.
TMG Holding is an Egypt-based company engaged in real estate investment activities. The company establishes and develops hotels, touristic and residential projects in Egypt.
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