Cairo – Mubasher: Arab Engineering Industries said Tuesday that its ordinary general meeting (OGM) has agreed on distributing cash dividends worth EGP 2.26 million for fiscal year 2016, equivalent to EGP 0.374 per share.

The OGM also adopted the financial statements for the year ended on 31 December 2016, according to a bourse filing.

The company earlier reported a net profit of EGP 5.13 million for FY16, rising 81.91% year-on-year.

The stock was last traded on 16 March at EGP 5.64.