Cairo – Mubasher: Talaat Moustafa Group Holding’s (TMG Holding) ordinary general meeting (OGM) has approved a cash dividend distribution of EGP 350.8 million, with a per-share dividend of EGP 0.17, to shareholders for 2017.
The OGM has also approved the annual financial statements and the board of directors’ report for the year ended December 2017, the real estate developer said in a filing to the Egyptian Exchange (EGX) on Sunday.
Earlier this month, the Egypt-based property developer posted a 67% year-on-year surge in profits for the full-year 2017, registering EGP 1.38 billion from EGP 828.9 million a year earlier.
TMG Holding’s capital amounts to EGP 20.6 billion distributed over 2.06 billion shares at a par value of EGP 10 per share.
