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Misr Hotels OGM okays annual dividends

Misr Hotels OGM okays annual dividends

ArabFinance: Misr Hotels Company (MHOT) said it ordinary general meeting (OGM) approved annual dividends of EGP 0.35 per share for the fiscal year (FY) 2019/2020, according to the company’s November 1st statement.

The OGM also gave the go-ahead to the restructuring of the board for a period of three years until 2023.

The company incurred a net loss of EGP 67,850,643 in the first three months of FY 2020/2021, against EGP 61,669,183 posted in the prior-year period.

Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities. The company focuses on hotel and tourism activities, including construction, purchase, and sale of hotels, resorts, casinos, restaurants, strips, and other tourist facilities.

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04 Oct 2021
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