Gharbia Islamic Housing Development (GIHD) announced that coupon No. 23 will be paid at EGP 0.50 per share as of September 1, 2014. Shareholders of record till the close of trading on Wednesday, August 27, will be entitled to the dividend distribution. The company had posted a slight rise in FY13 profit to EGP 1.204 million, compared with EGP 2.112 million a year earlier.