Cairo – Mubasher: Egyptian Starch and Glucose Company said Monday that its ordinary general meeting (OGM) has approved to postpone distributing cash dividends for fiscal year 2016, to maintain safe cash flow levels.

The OGM adopted the financial statements for the year which ended on 31 December 2016, in addition to the board and auditor’s reports on the year, according to a bourse filing.

The company’s stock declined on Sunday by 1.38% to EGP 7.16.