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United Housing to distribute bonus shares for 2018

United Housing to distribute bonus shares for 2018

ArabFinance: United Housing & Development’s (UNIT) ordinary general meeting (OGM) approved the board’s profit distribution proposal for the fiscal year of 2018, according to an EGX statement on Monday.

The company will distribute 0.25 bonus share for every original share, attributable to shareholders.

The distribution will be financed from the retained earnings and year’s profits.

On April 14, the Financial Regulatory Authority (FRA) approved raising the firm’s issued and paid-up capital by EGP 70.8 million, to reach EGP 354 million up from EGP 283 million.

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