In its OGM held on March 18, 2021, Vodafone Egypt approved a dividend of EGP 2 billion, of which Telecom Egypt's share amounts to EGP 0.9 billion. Accordingly, Telecom Egypt's BoD has proposed raising its dividend for fiscal year 2020 to EGP 0.75 per share instead of EGP 0.50 per share, a 50% increase on the previously proposed dividend, representing 50% of Vodafone Egypt's distribution to Telecom Egypt and a total payout ratio of 86% for Telecom Egypt. The dividend proposal will be discussed during Telecom Egypt's OGM that will be held on March 29, 2021.