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Al Shams Housing OKs dividend payout

Al Shams Housing OKs dividend payout
Photo Credit: Arabianeye-Reuters
Al Shams Housing
ELSH
-1.84% 6.40 -0.12

Al Shams Housing and Urbanization shareholders approved a dividend payout of EGP 2 per share at total amount of EGP 2 million.

The company said it will allocate EGP 10 million from deferred dividends for the company's capital top-up.

The real estate developer posted net profits of EGP 40.7 million for 2014, compared with EGP 34.2 million for the previous year.