Arab Finance: Zahraa Maadi Investment and Development (ZMID) has decided to disburse cash dividends of EGP 0.15 per share to shareholders for 2022 over two instalments, according to a filing to the Egyptian Exchange (EGX) on August 1^st.

The first instalment of EGP 0.05 per share will be paid to shareholders on August 31^st, while the second one of EGP 0.10 per share will be disbursed as of November 30^th.

The eligibility in dividends distribution will be for shareholders on a record date of August 28^th.

The firm posted earlier a 1.53% year-on-year (YoY) growth in net profit after tax for the first quarter (Q1) of 2023.

Zahraa Maadi is an Egypt-based public shareholding company engaged in real estate development, construction, contracting, urbanization, housing, and tourism, as well as other investment activities.

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