Cairo-Mubasher: Suez Bags said its board recommended cash dividends at EGP 10 a share, to be discussed in the upcoming general meeting on 24 March.

The board also proposed splitting the stock's par value from EGP 10 to EGP 2, and thus increasing the number of shares to 10.9 million from 2.2 million.

The company posted EGP 25.23 million in net profits after tax for the fiscal year ended 31 December 2015.

In the last trading session for the stock on 2 February 2016, it dropped 3.23% to reach EGP 150 after 120 shares changed hands at a total value of EGP 18,000.