Egypt: B Investments to pay $20.71mln dividends for 2022

The shareholders greenlighted the board’s dividends proposal on 20 March 2023

Staff Writer, Mubasher

March 22, 2023

PHOTO

Cairo – The ordinary general meeting (OGM) of B Investments Holding agreed to disburse cash dividends worth EGP 640.09 million or EGP 4 per share for 2022.

The shareholders greenlighted the board’s dividends proposal on 20 March 2023, according to a bourse filing.

Last year, the EGX-listed company recorded non-consolidated net profits after tax worth EGP 860.89 million, higher than EGP 123.43 million in 2021.

The standalone income climbed to EGP 999.39 million in 2022 from EGP 174.83 million in 2021, whereas the basic and diluted earnings per share (EPS) hiked to EGP 5.34 from EGP 0.75.

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