Utopia to pay EGP 1.5/share dividends for 2021 on April 21st

Updated 4/18/2022 11:25:25 AM

ArabFinanceUtopia for Real Estate and Tourism Investment (UTOP) will disburse cash dividends of EGP 1.50 per share to shareholders on April 21st, according to a statement filed to the Egyptian Exchange (EGX) on April 18th.

Shareholders of record date on April 18th will be eligible to receive the dividends.

This came as per the approval of the company’s ordinary general meeting (OGM), which was held on March 29th, on the board of directors’ cash dividends payment proposal for the full year ended December 31st 2021.

In 2021, the company’s net profit after tax fell to EGP 2.641 million from EGP 2.967 million in 2020.

Established in 1999 and listed in 2009, Utopia is a public company that operates within the real estate sector focusing on diversified real estate activities.