Arab Finance: The ordinary general meeting (OGM) of Development and Engineering Consultants (TAMEER) (DAPH) has approved the distribution of 1-for-10 stock dividends at a value of EGP 29.937 million from the retained earnings, according to a statement filed to the Egyptian Exchange (EGX) on August 4^th.

This decision is pending the approval of the Financial Regulatory Authority (FRA).

Moreover, the OGM agreed to grant the board of directors a bonus of EGP 3.293 million.

Established in 1954 and listed on the EGX in 1996, TAMEER operates within the capital goods sector focusing on construction and engineering.