ArabFinance: The ordinary general meeting (OGM) of Development and Engineering Consultants (TAMEER) (DAPH) has approved the distribution of EGP 29.938 million worth of bonus shares from retained earnings, according to a filing to the Egyptian Exchange (EGX) on May 23rd.
The disbursement of the 1-for-10 bonus shares is pending approval from the Financial Regulatory Authority (FRA) for the publication of the disclosure form thereof.
It is worth noting that Tameer posted a consolidated net profit attributable to the parent company of EGP 9.64 million in 2021, down from EGP 43.35 million in 2020.