Cairo – Mubasher: Export Development Bank of Egypt (EDBE) said Monday that the ordinary general meeting will be convened on 7 November to discuss cash dividend distribution at EGP 0.5 per share, according to a bourse filing.

Moreover, the ordinary meeting will consider FY15/16 financial statements and the permissible use of provisions, the bourse filing added.

Earlier, the board of director recommended paying out dividends at a total of EGP 72 million, divided into 144 million shares.

In the fiscal year 2015/16, the bank earned EGP 354.4 million, down 8.8% year-on-year from EGP 388.5 million.