HDB To Distribute Dividends of EGP 1.25/Share

Housing & Development Bank – HDB (HDBK.CA) declared 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.

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 decided to hold its ordinary and extraordinary general meetings Tuesday in Mövenpick of  Media Production City at 3:00 p.m to ratify the board of directors’ report on the bank’s activities during the fiscal year ended 31/12/2011, to approve bank auditors’ report, to ratify HDB’s financial statements,  to approve bank’s profits distribution and to present consolidated financial statements.