Egypt: Misr Hotels’ OGM nods to over $6mln dividends for FY 2021/2022

Reuters Images/Mohamed Abd El Ghany

Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities

Staff Writer, Arab Finance

September 19, 2022

PHOTO

Misr Hotels Company’s (MHOT) ordinary general meeting (OGM) approved the distribution of cash dividends worth EGP 118.8 million or EGP 3 per share to shareholders for fiscal year (FY) 2021/2022, according to a filing to the Egyptian Exchange (EGX) on September 18th.

It is worth noting that the company has achieved a net profit after tax of EGP 350.608 million in the 12-month period ended June 30th, versus a net loss of EGP 183.29 million in FY 2020/2021.

Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities.

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