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Misr Hotels announces payout date of EGP 0.35/shr

Misr Hotels announces payout date of EGP 0.35/shr

ArabFinance: Misr Hotels Company (MHOT) will distribute cash dividends of EGP 0.350 per share for the fiscal year 2019/2020 on November 26th, according to the company’s November 10th statement.

The company stated the dividend will be disbursed to the shareholders recorded on November 23rd.

On November 1st, Misr Hotels’ ordinary general meeting approved the annual dividends and 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 a profit of 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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