Cairo – Mubasher: The board of directors of Arab Co. for Asset Management and Development recommended a cash dividend distribution of EGP 0.14 per share for the period between 4 April 2018 and 30 September 2019, according to a bourse disclosure on Monday.

The proposed dividend still awaits shareholder approval during an ordinary general meeting to be held on 10 November.

It is noteworthy that during the nine-month period ended 30 September, the company logged a net profit of EGP 44.403 million, against a loss of EGP 1.944 million during the April-September period of 2018.

Since its establishment in April 2018 until last March, the company posted a net profit of EGP 6.11 million.