Cairo – Mubasher: The board of directors Cairo for Investment and Real Estate Development (CIRA) approved a cash dividend of EGP 100 million or EGP 0.17 per share for the year ended 31 August 2020. 

The proposed dividends will be referred to the ordinary general meeting (OGM) on 21 September for review and approval, CIRA said in a bourse disclosure on Thursday. 

In the nine-month period ended 31 May, CIRA achieved consolidated net profits of EGP 458.2 million, up from EGP 330.9 million in the year-ago period, including minority shareholders' rights.