Cairo – Mubasher: Egyptians Abroad for Investment and Development’s ordinary general meeting (OGM) approved the dividends distribution for 2016.
The OGM also agreed on deferring the remaining realised profits for the next year after deducting the remunerations of the board members, according to a bourse filing on Tuesday.
The meeting also gave a nod to the financial statements of 2016, adding to the board and auditor's reports.
Consolidated profits for FY16 declined 13.4% to EGP 13.8 million from EGP 15.9 million for FY16, according to a bourse filing released on Wednesday.
The stock stood stable at EGP 3.40 by 10:26am Cairo time on Tuesday.
