CI Capital Holding (CICH: -0.16% | 6.17 -0.01) has pivoted its dividend strategy for 2023, announcing a cash payout of EGP 216.9 million despite initial board resistance. The U-turn follows pressure from Banque Misr, its dominant shareholder with a 92.38% stake, which advocated for dividend distribution during the April 18 shareholder meeting. Eligible investors will receive EGP 0.21 per share on May 29, 2024. The firm reported robust financials: EGP 1.07 billion net profit and EGP 5.85 billion operating revenue for 2023.