The board of Alexandria Mineral Oils Company (AMOC) proposed on Sunday the distri¬bution of cash dividend at EGP 6.0/share from the net profit recorded in FY14.
“As is case every year, we expect the AGM to raise the dividend to EGP 7.0/share. Furthermore, in line with history, we expect the firm to distribute the dividend in two tranches, out of which the first will be paid in September and the second in February,” said Mona El Shazly, Pharos Research.