ZAWYA: In an unprecedented move, Madinet Masr distributes treasury stocks to shareholders to maximize investment returns

About this update from Madinet Masr For Housing & Development

Cairo – In a strategic step underscoring its strong financial performance and reflects our ongoing commitment to enhancing long-term value to shareholders, Madinet Masr (EGX: MASR.CA) announced that its Ordinary General Assembly , held on 15 February 2026, approved the distribution of the company’s treasury stocks, totaling 85.4 million shares, as part of the company’s annual dividend distribution to shareholders listed on the Egyptian Stock Exchange. This step marks the first treasury stocks distribution in the company’s history, reflecting strong confidence in the strategic growth trajectory pursued by Madinet Masr to maximize investment returns. The company has already launched a Stock Buyback Program starting March 2025, based on the management’s view that the current market price of the share does not reflect the company’s fair value and future growth potential.Eligibility for the distribution was granted to shareholders of record at the close of trading on 3rd of March 2026, the transaction was executed and ownership of the shares was transferred during the trading session of 9th of March 2026. The distribution ratio amounts to 0.0416 (4%) treasury stocks for every outstanding share, with fractional shares rounded in favor of minority shareholders, at a total value of EGP 463 million. The transaction will not result in any change to the company’s issued capital or total number of issued shares. Approved following the necessary regulatory clearances from the Financial Regulatory Authority (FRA), the step aligns with Madinet Masr’s vision to enhance shareholder returns and allow investors to benefit from the company’s strong operational performance. Additionally, on Thursday, 12 March 2026, the Board Members has preliminarily approved a proposed dividend distribution of EGP 0.15 per share, to be submitted to the Ordinary General Assembly scheduled for next April for approval.Commenting on the announcement, Eng. Mohamed Hazem Barakat, Chairman of Madinet Masr, said: “The decision to distribute treasury stocks for the first time in the company’s history since its listing on the Egyptian Stock Exchange in 1995, reflects our ongoing commitment to enhancing long-term value for our shareholders and reinforcing investor confidence, while strengthening Madinet Masr’s influential presence in the financial markets and further solidifying the company’s position ...

View stock analysis, news, and events for Madinet Masr For Housing & Development