Arab Finance: MM Group for Industry and International Trade’s (MTI) ordinary general meeting (OGM) has approved the board’s proposal of distributing 0.25-for-1 bonus share to shareholders for 2022, according to a statement sent to the Egyptian Exchange (EGX) on May 7^th.

The firm recorded a consolidated net profit of EGP 343 million in 2022, down 6.9% year-on-year (YoY) from EGP 368 million.

MTI is one of the leading distribution companies by geographic coverage in Egypt, with access to more than 40,000 points of sale.

The Egyptian joint stock Company operates in a wide range of businesses, including consumer electronics, telecommunication, automotive, seamless pipes, and tractors through partnerships with leading global brands including Samsung, Vodafone, Huawei, Range Rover, Jaguar, Maserati, Bentley, Carrier and Bosch.

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