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Mohandes Insurance announces payment date of EGP 0.33/shr

Mohandes Insurance announces payment date of EGP 0.33/shr

ArabFinance: Mohandes Insurance Company (MOIN) will distribute annual cash dividends of EGP 0.333 per share for the fiscal year 2019/2020, according to the company’s October 27th statement filed the Egyptian Exchange.

The dividends will be disbursed over two tranches; the first amounts to EGP 0.10 per share payable on November 15th, while the second worth EGP 0.233 per share will be distributed on December 24th.

The company stated the dividend will be paid to the shareholders recorded on November 10th.

The company posted a consolidated net profit after minority interest of EGP 149,566,358 in fiscal year 2019/2020, a 3% increase from EGP 144,960,259 achieved in FY 2018/2019.

Standalone net profit stood at EGP 112,287,386 in FY 2019/2020, a 21% increase from the EGP 92,217,949 posted in FY 2018/2019.

The Egypt-based public shareholding company offers life and non-life insurance, and reinsurance products and services. Its products and services portfolio fall into two main insurance segments, namely individual insurance and property insurance.

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