Marseilia Group’s board decides not to distribute 1-for-10 bonus shares

Updated 7/6/2022 10:13:00 AM

Arab Finance: The board of directors of Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) decided not to distribute 1-for-10 bonus shares, according to a filing to the Egyptian Exchange (EGX) on July 6th.

The board also approved the proposal of distributing 3-for-100 stock dividends to shareholders for the year ended December 31st 2021.

Moreover, the board endorsed finance lease contracts and transactions done through the chairman.

Additionally, the board discussed raising issued and paid-up capital by EGP 3.024 million to EGP 103.824 million from EGP 100.80 million through the issuance of 3-for-100 bonus shares.

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