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Misr Cement OGM approves EGP 2/shr dividends

Misr Cement OGM approves EGP 2/shr dividends
(Photo credit: Arabianeye - Reuters)
Misr Cement - Qena
MCQE
-1.55% 17.79 -0.28

Cairo – Mubasher: Misr Cement – Qena’s ordinary general meeting (OGM) has approved distributing cash dividends of EGP 2 per share for fiscal year 2016.

The dividends will be paid in two instalments; the first in July and the second in October, a bourse statement said on Sunday.

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

By 10:15am Cairo time, the stock fell 5.91% to EGP 86.01.