Arab Finance: The board of directors of Orascom Construction Plc (ORAS) has proposed the distribution of cash dividends worth $0.2750 per share to shareholders holding shares on Nasdaq Dubai for 2022, according to a statement on September 19th.
The record date for the dividends is on October 24th, while the payment date is on October 31st.
Accordingly, the board has invited the extraordinary general meeting (EGM) to take place on October 11th to decided on the cash dividends payment proposal.
Orascom Construction Plc is a leading engineering and construction contractor based in the UAE, primarily focusing on infrastructure, industrial, and high-end commercial projects in the Middle East, Africa, and the US.