Utopia’s OGM nods to dividends payment for 2021

Updated 3/30/2022 9:45:45 AM

ArabFinanceUtopia 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.