Obour Land plans to distribute 50% of future earnings in dividends

Cairo – Mubasher: Obour Land for Food Industries said it plans to distribute 50% of its future released earnings starting from the fiscal year 2017.

The company also said it studies disturbing dividends for 2016.

Earlier, the company’s CEO, Ashraf Hamed told Reuters that he expects his company to witness a growth of 6% and 12% in net profits for 2016 and 2017 respectively.

Mubasher Contribution Time: 01-Feb-2017 12:29 (GMT)
Mubasher Last Update Time: 01-Feb-2017 12:29 (GMT)