Marseilia Group’s board approves disbursement of bonus shares

Updated 3/13/2022 9:55:58 AM

ArabFinanceMarseilia Almasreia Alkhalegeya for Holding Investment’s (MAAL) board of directors approved the distribution of 1-for-10 bonus shares from the company’s issued and paid-up capital, according to a filing to the Egyptian Exchange (EGX) on Sunday.

It is worth noting that the company reported a consolidated net profit after tax of EGP 26.23 million in the full-year ended December 31st 2021, up from EGP 19.27 million in 2020.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.