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Arab Engineering Industries OKs FY15 dividends

Arab Engineering Industries OKs FY15 dividends
Photo Credit: Arabianeye - Reuters

Cairo – Mubasher: The ordinary general meeting of Arab Engineering Industries approved paying out cash dividends at EGP0.38 a share, totaling EGP2.2 million, according to Mubasher calculation.

The OGM also agreed on the board’s report, the election of three-year board of directors as well as the distributable gross profit of EGP6.9 million. 

The company’s profit for 2015 dropped 38% year-over-year to EGP2.8 million from EGP4.5 million.