Cairo – Mubasher: Egyptian Financial and Industrial’s (EFIC) ordinary general meeting (OGM) has endorsed the board’s proposal of distributing a cash dividend of EGP 18.19 million or EGP 0.25 per share to shareholders for 2018.
The OGM has also approved financial statements and the board’s report on the company’s operations in 2018, EFIC said in a statement to the Egyptian Exchange (EGX).
Moreover, the OGM approved the netting agreement sealed last year with Suez Company for Fertilizer Production and El Nasr Mining, the company added.
The company also said that the extraordinary general meeting (EGM) has agreed to amend articles 3 and 47 of the company’s articles of association.
EFIC previously posted a net consolidated profit of EGP 114.7 million for 2018, versus EGP 152.16 million in 2017, including minority shareholders’ rights.
