Cairo – Mubasher: Alexandria Mineral Oils Co’s (AMOC) board of directors recommended a cash dividend distribution of EGP 0.25 per share for fiscal year 2018/2019.

The proposal is still pending approval of the company’s ordinary general meeting (OGM), the company said in a statement to the Egyptian Exchange (EGX) on Thursday.

During FY18/19, AMOC logged a net profit of EGP 450 million, compared to EGP 1.48 billion in the prior fiscal year.

AMOC’s capital reaches EGP 1.29 billion, distributed over 1.29 billion shares at a nominal value of EGP 1 apiece.