Cairo – Mubasher: El Sewedy Electric said Wednesday that shareholders of record until 22 September would be entitled to the cash dividend payout at EGP 1 per share for the fiscal year 2015, according to a bourse filling.

The payout is scheduled to start on 27 September 2016, the bourse filing revealed.

In April, the 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 the consolidated results.