| Zahraa Maadi oks cash dividends & purchases 34 acres in New Heliopolis |
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Zahraa Maadi Investments (ZMID) Ordinary General Meeting (OGM) approved on Dec. 02, 2019, distributing 50% of paid-up capital to shareholders, worth EGP 66 million (by EGP 0.50/share).
The distributable amount will be financed from retained profits account that has emerged in the financial results of the fiscal year ending Dec. 31, 2018.
It is worth mentioning that the board has decided to purchase 34 acres in New Heliopolis City from Heliopolis Housing Company (HELI) in order to establish an integrated commercial and residential urban project.
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| Time Added: 2019-12-03 11:41:11 |
| Source: arabfinance |
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