ArabFinance: Delta Insurance (DEIN) announced that its ordinary general meeting (OGM) has approved the cash dividend payment’s proposal of EGP 12.60 million, equivalent to EGP 0.40 per share, according to a statement filed to the Egyptian Exchange (EGX).

Under the proposal, the dividends will be distributed to shareholders in two installments each worth EGP 0.20 per share, the statement highlighted.

It is worth noting that Delta Insurance previously reported a consolidated net profit before minority interest of EGP 232.14 million for fiscal year (FY) 2020/2021, compared to profit of EGP 180.05 million in FY 2019/2020.

Delta Insurance is engaged in the provision of life and non-life insurance and reinsurance services.

The company offers its services through two main segments: Corporate Solution Plans, and Individual Protection Plans, and Aman El Safar Plan.