ArabFinance: Utopia for Real Estate And Tourism Investment (UTOP) announced that its ordinary general meeting (OGM) approved the board of directors’ cash dividends payment proposal for 2021 earnings, according to a statement filed to the Egyptian Exchange (EGX).
Accordingly, the company shall distribute cash dividends worth EGP 1.5 per share to shareholders.
In a separate statement, the company said that its extraordinary general meeting (EGM) agreed to amend Articles 3 and 4 of the Articles of Association.
Established in 1999 and listed in 2009, Utopia is a public company that operates within the real estate sector focusing on diversified real estate activities.