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HHD reveals record date of dividends distribution

HHD reveals record date of dividends distribution

ArabFinance: Heliopolis Housing and Development (HHD) (HELI) that the eligibility in the EGP 0.10 per share cash dividends will be for shareholders of record date on December 13th, 2021, according to a statement filed to the Egyptian Exchange (EGX).

The company’s ordinary general meeting (OGM), held on November 18th, approved the distribution of cash dividends worth EGP 0.10 per share to shareholders for fiscal year (FY) 2020/2021,

The dividends will be paid over two installments; the first worth EGP 0.02 per share to be paid on December 16th, 2021, and the second worth EGP 0.08 per share and will be paid on June 16th, 2022.

It is worth noting that the company achieved a net profit of EGP 180.15 million in the fiscal year ended June 30th, 2021, compared to EGP 365.55 million in FY 2019/2020.

HHD is a leading Egypt-based real estate development company that operates in land reclamation and subdivision, residential real estate development and management, property purchase and sale, as well as projects’ planning and supervising. This is in addition to the construction of houses, hotels, holiday resorts, and hospitals.

 

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