Cairo – Mubasher: The ordinary general meeting (OGM) of Pioneers Holding Company for Financial Investment has agreed not to distribute cash dividends for fiscal year 2018.
The OGM has also approved FY18 financial statements and the board’s report on the company’s business for the same year, Pioneers Holding said in a statement to the Egyptian Exchange (EGX) on Sunday.
The general assembly has also agreed to re-elect members of the board for the 2019/2021 term, the company added.
Meanwhile, the extraordinary general meeting (EGM) has endorsed the amendment of the articles 24,25,38,45, and 59 of the company’s articles of association, according to the statement.
In FY18, Pioneers Holding previously reported a net consolidated profit of EGP 1.22 billion, versus EGP 1.14 billion a year ago, including minority shareholders’ rights.
