Egypt’s Heliopolis Housing board proposes 1.35 Egyptian pound dividend
New Heliopolis City entrance. The city is one of the Heliopolis Housing Company's projects- Photo courtesy of the Co. Facebook page

CAIRO:  Egypt’s Heliopolis Housing said on Thursday its board of directors had proposed a dividend of 1.35 Egyptian pounds ($0.1724) per share for profits made in the first half of the 2015-16 financial year.

In a statement to the Cairo stock exchange, the company said the decision was subject to the approval of shareholders at the upcoming annual general meeting.

($1 = 7.8300 Egyptian pounds)

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