Cairo – Mubasher: The ordinary general meeting (OGM) Obour Land for Food Industries has approved a cash dividend distribution of EGP 240 million for 2020.

The cash dividend distribution represents 60 piasters per share, according to a bourse filing on Wednesday.

It is noteworthy to mention that in 2020, the company's net profits reached EGP 310.36 million, compared to EGP 295.28 million in 2019.