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B Investments Holding's shareholders approve EGP 1.25/shr dividends

B Investments Holding's shareholders approve EGP 1.25/shr dividends
Total cash dividends amount to EGP 200.03 million
B Investments Holdings
BINV
6.42% 14.09 0.85

Cairo – Mubasher: The ordinary general meeting (OGM) of B Investments Holding approved a cash dividend of EGP 1.25 per share for 2020.

The shareholders approved EGP 200.03 million as cash dividends and EGP 3.75 million as board remuneration, the company said in a bourse disclosure on Wednesday.

The OGM also approved the election of the board of directors for a new term.

In 2020, the company logged net profits of EGP 287.1 million, compared to EGP 173.76 million a year earlier, including minority shareholders’ rights.