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Mohandes Insurance board proposes EGP1.5/share dividend

Mohandes Insurance board proposes EGP1.5/share dividend
Mohandes Insurance
MOIN
-12.12% 19.97 -2.42
The board of Mohandes Insurance has proposed the distribution of cash dividend for FY13/14 at EGP 1.5 per share, totaling EGP 11.25 million; the same dividend distributed for FY12/13.
The insurer has posted EGP 15.1 million net profit in FY13/14 with a 37% y/y rise from EGP 11 million.
An ordinary general meeting will be held on Saturday, October 18 to look into the company’s FY13/14 balance sheet and financial statements.