Arab Finance: Talaat Moustafa Group Holding (TMG Holding) will pay EGP 0.22 per share in cash dividends to shareholders for 2023 earnings, a statement showed.
Cash dividends will be disbursed in two equal installments of EGP 0.11 per share on May 30th and July 31st.
The eligibility in dividend distribution will be for shareholders on a record date of May 27th.
Founded in 1970, the leading community real estate developer has a land bank exceeding 50 million square meters. The company currently focuses on establishing self-sustained residential city and community complexes for the upper and middle classes. The company also invests in mixed-use real estate and hospitality projects.