ArabFinance: Pyramisa Hotels and Resorts (PHTV) is set to pay cash dividends worth EGP 1 per share to shareholders as of April 21st, according to a statement filed to the Egyptian Exchange (EGX).

Shareholders of record date on April 18th will be eligible to receive the dividends.

This came in accordance with the decision of the ordinary general meeting (OGM), which was held on March 31st, on distributing cash dividends to shareholders for the full year ended December 31st 2021.

In 2021, the company recorded a consolidated profit excluding minority interest of EGP 60.827 million, up from EGP 21.060 million in 2020.

Pyramisa Hotels is 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, in addition to providing travel, entertainment, therapeutic, and sports facilities.