The Claps Mopco’s (MFPC) General Assembly agreed to distribute cash dividends of EGP 10/share,totaling EGP 2.29 billion.
The Deets The total EGP 2.29 billion has 57.5% of 2021 net income and 42.5% of the retained earnings.
The distribution is expected to start as of 10 April 2022.
Claps Class Retained Earnings are the portion of profit left for the business after paying out dividends to shareholders. The company retains this portion to reinvest it in the business or to pay off debts.