News
Policy & Trade
Oriental Weavers to pay cash, share dividends
Shareholders in Egyptian carpetmaker Oriental Weavers approved a dividend of 3 Egyptian pounds per share and one free share for every 4.8467 owned, the bourse said on Monday.
Egytex News Desk
Source: Reuters
Pending agreement of Egypt's financial regulator, the company will carry out a five-for-one share split.
Oriental Weavers, the world's biggest machine woven carpet producer, previously reported net profit after minority interests rose 0.4 percent to 312 million pounds in 2009.
The stock dividend will be financed from reserves.
In 2008, the group paid a dividend of 1.1 pounds.
Source: Reuters
From the Egytex news archive, first published on 22 March 2010. Figures and names are as reported at the time.
