HDB Approves EGP 1.25/Share Cash Dividends

By Yomna Yasser On May 6, 2012

Housing & Development Bank – HDB (HDBK.CA) decided to distribute cash dividends no. (31) of EGP 1.25 per share payable on 09/05/2012.

Shareholders as of Sunday’s closing session of 06/05/2012 are entitled to cash dividends distribution.

The cash dividends shall be distributed through the MCDR’s accredited centers.

This comes after the HDB ‘s Annual General Meeting (AGM), held last April, agreed to distribute to the shareholders cash dividends of the gains posted during the fiscal year ended on December 31st, 2011.

HDB’s consolidated financial statements for the fiscal year of 2011 revealed that the bank posted net profits of EGP 156.243, down 18.4%, compared to EGP 191.558 during the fiscal year of 2010.

HDB’s issued capital values at EGP 1.150 billion distributed to 115 million securities, whereby the par value amounts to EGP 10 a share.