ArabFinance: Al Shams Housing and Urbanization (ELSH) announced that its board of directors has approved the distribution of cash dividends worth a total of EGP 36.30 million for 2020, equivalent to EGP 0.20 per share, according to a statement filed to the Egyptian Exchange (EGX).

Earlier today, the company said that its board of directors approved to deal with the Egyptian Arab Land Bank (EALB) to sell a financial portfolio.

Al Shams Housing is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.