Cairo – Mubasher: The ordinary general meeting (OGM) of Nozha International Hospital has approved distributing cash dividends for 2019, worth 10% of the share's nominal value, at EGP 0.6 per share.

The dividends stand at a total of EGP 6.75 million, according to the company's disclosure to the Egyptian Exchange (EGX) on Sunday.

The company referred that part of dividends will be used to raise the capital via bonus shares at EGP 16.87 million, or 0.25 bonus shares for each original share.

Meanwhile, the extraordinary general meeting (EGM) has approved to increase the company’s issued and paid-up capital by EGP 16.875 million to EGP 84.375 million from EGP 67.5 million, distributing over 2.81 million bonus shares at a nominal value of EGP 6 per share.

It is noteworthy to mention that in 2019, the company's net profits after tax jumped by 40% year-on-year (YoY) to EGP 60.5 million from EGP 43.13 million in 2018.