Cairo – Mubasher: The Board of Directors of B Investments Holding Company proposed cash dividends to shareholders for last year’s profits, as well as other cash and free distributions after approving the lists for the first quarter of this year.
The company stated in a statement to the Egyptian Stock Exchange today, Sunday, that the proposal included the distribution of profits of 640.09 million pounds to shareholders, at a cash coupon of 4 pounds per share, subject to the approval of the company’s general meeting, which is scheduled to be held on March 20.
The Board of Directors also proposed distributing a cash coupon of EGP 1 per share, in addition to bonus shares of one share for every 4 shares, subject to general approval that will be held at a later time to approve the financial statements for the first quarter of 2023 as soon as they are issued.
And the independent financial statements of B Investments Holding Company showed that it achieved profits amounting to 860.89 million pounds in 2022, compared to profits amounting to 123.43 million pounds in 2021.
The independent company’s revenues rose during the past year to 999.39 million pounds, compared to revenues of 174.83 million pounds in the previous year.
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