ArabFinance: Cairo for Investment and Real Estate Development (CIRA) announced the date of distributing the cash dividends for the year ended August 31st, 2021, according to a statement filed to the Egyptian Exchange (EGX).
The cash dividends will be distributed as of October 10th, 2021, with eligibility for shareholders on a record date of October 4th, 2021, CIRA highlighted.
Earlier this day, the company said its ordinary general meeting (OGM) has approved the board’s proposal to distribute cash dividends worth a total of EGP 100 million, equivalent to EGP 0.171588298 per share for the year ended August 31st, 2021.
CIRA also announced that its board approved obtaining a loan worth EGP 260 million from one of the Egyptian banks to finance the company’s new projects over the coming period.
CIRA is an Egypt-based company, operating in the investment field across diversified sectors, including education, construction and real estate, health care, information technology, and support services.