The ordinary general assembly of EFG Holding Group has approved the distribution of cash dividends amounting to 400 million pounds to shareholders, which translates to a cash coupon of 0.278 pounds per share. This decision reflects the company's strong financial performance over the past period.
The total distributable net profits reached 1.15 billion pounds, distributed as follows: 400 million pounds for shareholders, 44.444 million pounds for employee shares, 40.413 million pounds for legal reserves, and 666.264 million pounds as retained earnings for the following year.
Event Details
The assembly also approved the election of board members for a new three-year term, appointing Mona Salah El-Din Zohair as the chairperson (non-executive), Kareem Ali Awad Saleh Salama as the managing director and CEO (executive), and Yasser Suleiman Hisham El-Malawany as the vice-chairperson (non-executive).
The new formation also included several members representing entities such as Al-Garhy Investment and Development Group, and DF EFG3 Limited, alongside independent and experienced members.
Background & Context
During the meeting, the assembly ratified the board of directors' report on the company's activities and the auditor's report and financial statements for the year ending December 31, 2025. Additionally, Al-Garhy Investment and Development Group increased its stake in EFG Holding Group from 3.789% to 3.884%, purchasing 1.354 million shares at an average purchase price of 28.93 pounds, bringing the total value of the transaction to 39.2 million pounds.
The percentage of shares held by related groups (including the client) rose to 10.090% after the transaction, compared to approximately 6.206% before execution. The related groups include Egyptian Steel Company (2.304%), Egyptian Iron and Steel Products Company at 0.003%, Gamal Abdel Kader Abdel Basir (3.848%), Dalia Gamal Abdel Kader (0.020%), and Egypt National Steel Attaka at 0.03%.
Impact & Consequences
EFG Holding Group's profits increased by 10.8% during the first nine months of last year, reaching 4.6 billion pounds, compared to a profit of 4.15 billion pounds during the same period in 2024. The company's total revenues also rose during the nine months to 19.86 billion pounds, compared to 15.94 billion pounds during the same period of the previous year.
EFG Holding Group submitted documents to the stock exchange for the registration of a capital reduction from 7.298 billion pounds to 7.179 billion pounds. The exchange clarified that the reduction amounts to 118.57 million pounds, through the cancellation of treasury shares totaling 23.713 million shares.
Regional Significance
These steps indicate the stability of the Egyptian financial market, as major companies like EFG Holding seek to enhance investor and shareholder confidence. The dividend distribution reflects the company's commitment to achieving positive results despite economic challenges.
In conclusion, these decisions represent an important step towards strengthening relationships with shareholders and achieving strong financial sustainability in the future.