Cairo – Mubasher: The ordinary general meeting (OGM) of Cairo For Investment and Real Estate Development company approved the financial statements and dividend distribution for the previous fiscal year that ended August 2019.

The OGM consented to distribute EGP 25 million or EGP 0.042 per share as cash dividends for the fiscal year during December 2019, according to a bourse statement on Sunday.

It has also approved the financial statements and the board’s report for fiscal year (September 2018-August 2019), in addition to deciding to clear the board from any responsibility during the period.

It is worth noting that over the September-August 2019 period, the company achieved profits worth EGP 192.57 million, compared to EGP 126.37 million during the previous fiscal year, including minority shareholders’ rights.