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Arab Moltaka sets due date of cash dividends

Arab Moltaka sets due date of cash dividends

ArabFinance: Arab Moltaqa Investment Company (AMIA) announced distributing a cash dividend of EGP 2.00 per share, according to a statement sent to the Egyptian exchange.

The company stated that the dividend will be payable on April 22th to the shareholders recorded on April 15th.

On March 23rd, Arab Moltaqa’s ordinary general meeting approved the financial results and appropriation account for 2019.

The company posted a consolidated net profit of EGP 60,051,955 in 2019, compared to net profits of EGP 40,479,240 in the same period a year ago, taking into account the minority rights. 

Moreover, it posted standalone net profits of EGP 31,462,557, compared to net profits of EGP 36,023,080 in the same period last year.

AMIC invests in a diversified range of economic sectors covering a broad spectrum including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments and tourism with Total Assets of more than EGP 1.9 Billion spanning over a wide range of industries including poultry, pharmaceutical and health care, industrial, agriculture, financial, real estate, and commercial.

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