Marseilia’s OGM thumbs up to EGP 0.1/share dividend payment for H1

Updated 9/12/2023 11:22:00 AM
Marseilia’s OGM thumbs up to EGP 0.1/share dividend payment for H1

Arab Finance: Marseilia Almasreia Alkhalegeya for Holding Investment’s (MAAL) ordinary general meeting (OGM) has approved the distribution of a total of EGP 20.765 million, or EGP 0.10 per share, in cash dividends to shareholders for the first half (H1) of 2023, as per a filing on September 12th.

It is worth noting that the company logged consolidated net profits after tax of EGP 52.2 million in H1 of 2023, versus net losses of EGP 16.526 million in H1 2022.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.

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