Arab Finance: Madinet Masr announced the payment date of the EGP 0.15 per share dividends for 2022 earnings, according to a filing to the Egyptian Exchange (EGX) on May 15^th.

The cash dividends will be paid in two installments worth EGP 0.075 per share each on May 31^st and October 26^th, with the eligibility in distribution to shareholders until May 28th’s trading session.

In 2022, Madinet Masr’s net profits climbed by 164.5% year-on-year (YoY) to EGP 747.4 million.

Established in 1959, Madinet Masr is a leading real estate developer dedicated to building large-scale communities in strategic locations across Egypt

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