Cairo - Mubasher: The ordinary general meeting (OGM) of Naeem Holding recommended the distribution of bonus shares for the year 2016, at 10% or one bonus share for every 10 original shares.
The recommendation will be referred to the board of directors, and then back to the general assembly for final approval, the company said in a statement to the Egyptian Exchange (EGX) on Monday.
Naeem’s annual profits for last year surged 225% to $5.2 million from $1.6 million in the year before, with foreign exchange gains amounting to $3.06 million.
