Cairo - Mubasher: Saudi Egyptian Investment and Finance approved in its ordinary general meeting (OGM) the distribution of cash dividends to shareholders for the year 2016 at EGP 2 per share.
The company said in a statement to the Egyptian Exchange (EGX) on Sunday that the OGM also approves the company’s financial results for last year, as well as the board of directors’ and auditor’s reports.
Previously, the board of directors recommended the distribution of dividends at EGP 1 per share.
The company’s annual profits dropped 84.5% in 2016 and totalled EGP 16.32 million, compared to EGP 105.2 million in 2015.
