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Arab Moltaka announces payout date of EGP 0.5/share

Arab Moltaka announces payout date of EGP 0.5/share

ArabFinance:  Arab Moltaka Investments Company (AMIC) will distribute annual cash dividends of EGP 0.500  per share on April 28th, according to the company’s April 7th statement filed the Egyptian Exchange.

The company stated the dividend will be disbursed to the shareholders recorded on April 25th.

The company posted a consolidated net profit before the minority interest of EGP 74,509,126 in 2020.

Standalone net profit reached EGP 35,510,250 in 2020, a 13% rise from EGP 31,462,557 posted in 2019.

AMIC plans to increase the volume of assets under management to EGP 6 billion by the end of 2021 and penetrating new sectors.

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.

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