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Misr Hotels shareholders ok bonus share, stock split

Misr Hotels shareholders ok bonus share, stock split

ArabFinance:  Misr Hotels (MHOT) announced the decisions of the Extraordinary General Assembly (EGM) and Ordinary General Assembly (OGM) that were held on Sept. 30. 

The OGM ratified the Board of Directors' (BoD) report for the fiscal year 2018/2019, as well as bonus share worth EGP 513,200,000, representing EGP 5 per share.

The EGM approved splitting the stock's par value from EGP 15 to EGP 5 according to the listing provisions. It also ratified amending article No. 6 & 7 of articles of association.

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04 Oct 2021
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