• Most Popular
  • Most Shared

Egyptian Resorts to give cash, share dividends

Thu Apr 24, 2008 9:37am EDT

Stocks

   

CAIRO, April 24 (Reuters) - Egyptian Resorts (EGTS.CA) will distribute a dividend of 0.20 Egyptian pounds per share and one free share for every four held, the company said on Thursday. The shares have a nominal value of one pound.

Shareholders in Egyptian Resorts, which has extensive land holdings on the Red Sea coast, approved the dividend in a general assembly meeting on Thursday, a company statement said.

No further details were given.

Shares in Egyptian Resorts last traded 3.2 percent up at 8.6 pounds. ($1 = 5.38 Egyptian pounds) (Writing by Aziz El-Kaissouni; Editing by David Holmes)



More from Reuters

Photo

No sign Detroit flight incident in larger plot: U.S.

WASHINGTON (Reuters) - There is no initial evidence that the Nigerian man charged with trying to blow up a U.S. passenger jet was involved in a larger plot, a senior U.S. official said on Sunday. | Video

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets