ArabFinance: Pyramisa Hotels and Resorts SAE (PHTV) will distribute cash dividends of two Egyptian pounds per share on June 11th, according to a statement sent to the Egyptian Exchange.
The company stated the dividend will be disbursed to the shareholders recorded on June 8th.
Earlier, Pyramisa Hotels decided to suspend its investment plan for 2020, as a result of coronavirus (COVID-19) repercussion on its business and the expected revenues.
Pyramisa Hotels is an Egypt-based company engaged in tourism and hotel development and investment. The company, along with its subsidiaries, is primarily involved in the ownership, establishment, sale, rent, and management of hotels; the provision of travel, entertainment, therapeutic and sports facilities, and offering technical advises and economic feasibility studies for tourism development.