Cairo – Mubasher: The shareholders of Zahraa Maadi Investment and Development approved a cash dividend of EGP 0.45 per share or a total value of EGP 118.8 million, representing 45% of the paid-up capital.
The dividends will be paid in three equal installments on 30 May, 30 July, and 30 September, according to a bourse disclosure on Wednesday.
In addition, the board of directors approved the appointment of Mushira Kamal Abdel Maksoud El-Maghraby as the company’s chairman and managing director.
During 2020, the company logged net profits of EGP 213.09 million, up from EGP 177.08 million in 2019.
