Cairo – Mubasher: The shareholders of Sidi Kerir Petrochemicals decided to increase 2015 cash dividend payout to EGP1.40 from EGP1.25 per share.

They agreed to distribute EGP1 per share within a month as of the approval date and EGP0.40 after three months.

In 2014, the company paid out dividends at EGP1.65  a share, totaling EGP866.2 million.

In 2015, the company’s profits declined 15.5% year-over-year to EGP842 million from EGP997 million.

At 11:33am Cairo time on Thursday, the stock rose 1.2% top EGP12.39  a share.