Cairo – Mubasher: The board of Suez Canal Company for Technology Settling recommended a cash dividend distribution of EGP 1.5 per share with a total value of EGP 136.35 million for the year ended 31 August.

The proposal will be referred to the company’s ordinary general meeting (OGM) for approval, according to a bourse disclosure on Sunday.

From September 2019 until the end of last August, the company logged consolidated net profits of EGP 534.63 million.

As for the standalone business, the company’s net profits retreated to EGP 301.93 million in the year ended 31 August from EGP 476.61 million a year earlier.