Al Shams Housing’s shareholders OK EGP 0.15/share dividends
Updated 4/27/2022 1:34:00 PM
ArabFinance: Al Shams Housing and Urbanization’s (ELSH) general ordinary meeting (OGM) has approved the distribution of EGP 0.15 per share, equivalent to 15% of capital, in cash dividends for senior shareholders for the year 2021, according to a filing to the Egyptian Exchange (EGX) on Wednesday.
The company’s extraordinary general meeting (EGM) unanimously approved to raise the company’s issued and paid-up capital to EGP 226.875 million from EGP 181.5 million.
The capital increase amounts to EGP 45.375 million distributed over 45.375 million shares at a nominal value of EGP 1 per share.
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.
