Cairo – Mubasher: Palm Hills Development said shareholders of record till 4 April 2016 would be entitled for 2015 cash dividends at EGP0.15 a share, according to a bourse file.
The real estate developer will be distributing 2015 cash dividends starting from 7 April 2015.
Earlier, shareholders approved the board's proposal to distribute cash dividends and bonus shares for the fiscal year 2015.
Earlier, 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.
