EGX limits Utopia’s share price upon dividends
Updated 4/14/2020 9:43:47 AM
ArabFinance: The Egyptian Exchange (EGX) decided to limit down the share price of Utopia for Real Estate (UTOP) 24.737%, according to an EGX statement.
Meanwhile, this will be applied as of the closing price on April 13th, the ex-dividend date for the EGP 1.5 a share.
On March 24th, the shareholders approved the dividends distribution for fiscal year 2019 to be paid on April 16th.
The company posted profit of EGP 2,332,612 in 2019, a 103% climb from EGP 1,146,540 a year earlier.
