Cairo – Mubasher: The ordinary general meeting (OGM) of Raya Holding for Financial Investment has approved distributing EGP 25.2 million, or EGP 0.25 per share, for fiscal year 2016.
The cash payment will start 30 days after the OGM date, according to the company’s statement to the Egyptian Exchange (EGX).
At the meeting, shareholders also approved the financial statements for FY16, as well as the board’s and auditors’ reports.
Raya’s annual consolidated profits increased 13.8% to reach EGP 118.1 million in 2016, compared to EGP 103.8 million in 2015.
