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Middle Egypt Mills to distribute EGP 70m dividends for FY18/19

Middle Egypt Mills to distribute EGP 70m dividends for FY18/19
The company will pay a total of EGP 69.6 million for FY18/19
Middle Egypt Flour Mills
CEFM
-8.60% 51.00 -4.80

Cairo – Mubasher: The general assembly of Middle Egypt Mills has approved distributing cash dividends worth EGP 4.75 per share for the fiscal year 2018-2019.

The company will pay a total of EGP 69.6 million for FY18/19, compared to EGP 66.2 million in the previous fiscal year, according to a bourse filing on Thursday.

By the end of September, the company’s board of directors recommended a cash dividend distribution of EGP 4.75 per share with a total value of EGP 69.93 million for FY18/19.