Cairo – Mubasher: General Company for Ceramic and Porcelain Products (Sheeni) said Monday that the ordinary general meeting approved raising its cash dividend payout for 2015/16 to 15 piasters per share, according to a bourse filing.

The ordinary meeting also decided to stop appropriating 5% of the legal reserve as it stands over half of the issued capital.

By 12:00pm Cairo time, the stock quote was placed at EGP 3.04 with a 1.33% rise.