Cairo – Mubasher: The shareholders of Nozha International Hospital approved a cash dividend at a nominal value of EGP 0.30 per share, representing 5% of the company’s share capital, for 2020.
The ordinary general meeting (OGM) also approved a 0.25-for-one bonus issue valued at EGP 21.09 million which will be used to increase the company’s capital, according to a bourse disclosure on Sunday.
The authorised capital will be increased to EGP 525 million from EGP 90 million, while the issued capital will be raised to EGP 105.4 million from EGP 84.3 million.
Following the announcement, the EGX decided to resume trading on the company’s stock.
In 2020, Nozha International Hospital reported net profits of EGP 49.6 million, down from EGP 60.5 million in 2019.
