QNB-Alahli is planning to issue 10% stock dividends, amounting to EGP890mn, bringing the bank’s total paid-in capital to EGP9,795mn, pending regulatory approval. The board has also proposed a cash DPS of EGP1/share, implying a dividend yield of c2%, which is still subject to AGM approval. This is the first time the Board recommends the distribution of cash dividends to shareholders since 2012.
Elena Sanchez-Cabezudo
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