ArabFinance: Mohandes Insurance (MOIN) announced that its ordinary general meeting (OGM) approved the distribution of cash dividends worth a total of EGP 23.5 million, equivalent to EGP 0.25 per share, according to a statement filed to the Egyptian Exchange (EGX).
The dividends will be paid to shareholders in two installments each worth a total of EGP 11.75 million or EGP 0.125 per share.
Mohandes Insurance is an Egypt-based company that offers life and non-life insurance, and reinsurance products and services. Its products and services portfolio fall into two main insurance segments, namely individual insurance and property insurance.