By Ahmed Allam
Cairo – Mubasher: Palm Hills Development (PHD) shareholders approved on Sunday the board of director's proposal to distribute cash dividends and bonus shares for the fiscal year 2015.
The real estate developer will distribute cash dividends at EGP 0.15 per share and bonus shares at 1-for-20.
Meanwhile, the company's extraordinary general meeting gave the go ahead for raising issued capital by EGP 219.9 million (109.9 million shares) to EGP 4.618 billion from EGP 4.398 billion.
Translated by Sayed Abdel Rahman
