The general assembly of E-Finance, a leading Egyptian investment and digital finance company, has approved the distribution of 410.597 million EGP as cash dividends to shareholders for the first half of 2026. This decision was made during a meeting held recently, as per the company's disclosure published on the Egyptian Stock Exchange's screens. The amount is allocated after deducting a 5% legal reserve, in accordance with Article 55 of the company's articles of association.
The distribution of dividends is part of E-Finance's strategy to share its profits with shareholders. In addition to the cash dividend, the company has also set aside 10% of its profits for employees, as mandated by law, and 7.5% as a bonus for members of its board of directors. The company aims to complete the distribution of dividends by December 31, 2026. This move is expected to enhance shareholder value and demonstrate the company's commitment to its investors.
E-Finance's financial performance for the first half of 2026 has been impressive, with the company reporting a 62.5% year-on-year growth in net profits. According to the company's consolidated financial statements, net profit after taxes and minority rights reached 1.82 billion EGP as of June 2026, compared to 1.12 billion EGP in the same period last year. This significant growth in profits has enabled the company to distribute substantial dividends to its shareholders.
The company's decision to distribute cash dividends is in line with its goal of providing attractive returns to shareholders. E-Finance has a history of distributing profits to its shareholders, and this latest move is expected to further enhance its reputation as a shareholder-friendly company. The company's management has demonstrated its commitment to creating value for shareholders through its business operations and dividend distribution policy.
The remaining profit of 587.553 million EGP will be carried forward to the retained earnings account to support liquidity and future financial statements. This move is expected to provide a solid foundation for the company's future growth and expansion plans. E-Finance's financial management has taken a prudent approach to allocating its profits, balancing the interests of shareholders with the need to retain sufficient funds for future business development.
E-Finance's growth in profits can be attributed to its diversified business operations and digital finance services. The company has been expanding its services in the Egyptian market, providing innovative financial solutions to individuals and businesses. Its strong financial performance has positioned it as a leading player in the Egyptian financial services sector.
The company's commitment to transparency and good governance is reflected in its disclosure of financial information and decision-making processes. E-Finance's general assembly meeting and dividend distribution decision are examples of its efforts to maintain high standards of corporate governance and accountability. The company's management has demonstrated its commitment to creating long-term value for shareholders and stakeholders.
Key points
- E-Finance's general assembly approves distributing 410.5 million EGP to shareholders as cash dividends for the first half of 2026.
