Cairo – Mubasher: Elsewedy Electric said Thursday that shareholders of record until 30 January would be entitled to its cash dividend.

The company will start distributing this amount on 2 February 2016, Elsewedy clarified in a bourse filing.

Earlier, the ordinary general meeting approved paying out EGP4 as cash dividends for the fiscal year ended on 30 September 2016, totaling EGP 873.1 million, according to a bourse filing.

 Elsewedy’s Q3 net profits jumped 153% year-on-year to EGP 746.6 million from EGP 295.34 million, while net profit for the first nine months leapt 122.2% year-on-year to EGP 2.4 billion