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Nile City Investments announces payout date of EGP 25.54/share

Nile City Investments announces payout date of EGP 25.54/share

ArabFinance: Nile City Investments company will distribute annual cash dividends of EGP 25.54 per share on August 19th, according to the company’s July 28th statement filed to the Egyptian Exchange.

The company stated the dividend will be disbursed to the shareholders recorded on August 16th.

Nile City Investments’ ordinary general assembly approved a cash dividend of EGP 200 million or EGP 27.59 per share for 2020.

In 2020, the company posted a consolidated net profit before minority interest of EGP 35.294 million.

Nile City Investment is an Egypt-based public shareholding company engaged in the real estate development and investment sector. It invests in real estate developments, mainly residential, commercial, and administrative unit buildings.

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