Cairo – Mubasher: The ordinary general meeting (OGM) of Ghabbour Auto (GB Auto) has agreed on a cash dividend distribution of EGP 382.90 million or EGP 0.35 per share for 2021.
The company will pay out the cash dividends over two instalments; the first payment stands at EGP 0.10 per share on 21 April, according to a bourse filing on Sunday.
The second dividend instalment worth EGP 0.25 per share is set to be distributed on 29 September.
It is noteworthy to mention that in 2021, GB Auto posted consolidated net profits after tax of EGP 1.84 billion, an increase of 65.7% year-on-year (YoY) from EGP 1.11 billion, including minority shareholders' rights.
