ArabFinance: El Ebour Company for Real Estate Investment's (OBRI) ordinary general assembly approved distributing a cash dividend of EGP 0.30 per share, according to the company’s June 9th statement filed to the Egyptian Exchange.
During a June 8th meeting, the general assembly also ratified distributing remuneration to El Obour's board members and employees. The amount will be determined upon the available liquidity, the statement highlighted
The company posted a net profit of EGP 357,602 in the first quarter of 2020, a 28% decline from EGP 280,302 achieved in the same period of 2019.
In April, the company's shareholders approved paying EGP 0.30 per share as cash dividends for 2019.
Established in 1994, El-Ebour Company operates within the real estate sector, focusing on diversified real estate activities.