Cairo – Mubasher: Oriental Weavers Group’s ordinary general meeting (OGM) has agreed on a proposal to distribute cash dividends of EGP 1.4 per share for fiscal year 2016, totalling EGP 630 million.

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

Meanwhile, the extraordinary general meeting (EGM) has approved to amend articles number 3 and 4 of the company’s statute.

By 10:22am Cairo time, the stock rose 0.15% to EGP 19.7.