Cairo-Mubasher: In an ordinary general meeting held Tuesday, shareholders of Suez Cement Co. approved the board’s proposal for distributing cash dividends for 2014 at EGP 481.9 million, or EGP 2.65 per share.

Shareholders also ratified the financial results and board’s report for the same year.

The cement producer earlier posted a 8.5% decline in FY14 net profits to EGP 492.6 million from EGP 538.3 million a year earlier.