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CIRA announces distribution date of cash dividends

CIRA announces distribution date of cash dividends

ArabFinanceCairo 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.

 

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