ArabFinance: The Egyptian Exchange (EGX) has set the limit down of Utopia for Real Estate And Tourism Investment (UTOP) at 18.151%, according to the EGX's April 4th filing.
The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on April 4th.
The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 1.250 per share on April 7th.
Established in 1999 and listed in 2009, Utopia is a public company that operates within the real estate sector focusing on diversified real estate activities.