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Raya Holding’s OGM approves EGP 0.15/shr dividends for 2018

Raya Holding’s OGM approves EGP 0.15/shr dividends for 2018
Raya Holding posted a net profit of EGP 89.12 million in 2018
Raya
RAYA
-1.06% 4.65 -0.05

Cairo – Mubasher: Raya Holding for Financial Investment’s ordinary general meeting (OGM) approved to distribute a cash dividend of EGP 0.15 a share to shareholders for 2018, according to a filing to the Egyptian Exchange (EGX) on Tuesday.

Raya Holding’s board of directors previously proposed distributing a cash dividend of EGP 0.17 per share for the previous year.

For the full-year 2018, the Cairo-based firm reported EGP 89.12 million in net profit, compared to EGP 103.22 million in the prior year, including minority shareholders’ rights.