Cairo – Mubasher: Elsewedy Electric changed said record date for its previously declared dividends will be 29 June rather than 30 June for being an official holiday, according to a bourse filing on Monday.
Starting from 5 July 2016, the dividends will be paid out through Misr For Central Clearing, Depository & Registry.
The company’s ordinary general meeting (OGM) approved paying out cash dividends at EGP 2 per share for the fiscal year ended 31 December 2015, thus raising the total annual dividends to EGP 3 per share.
In 2015, its annual earnings reached EGP 1.3 billion, compared with EGP 445.1 million last year, according to its consolidated financial statements.
