Cairo – Mubasher: The ordinary general meeting (OGM) of Sinai Cement decided to withhold cash dividend distribution for 2015.
The OGM also approved the consolidated and unconsolidated financial statements as well as the board’s report for 2015.
The board of directors will invite shareholders to convene in September 2016 to discuss a possible distribution of locked-up dividends based on the company’s liquidity, the company said in a bourse filing.
The company turned into losses in 2015 according to its consolidated financial statements after registering EGP38.9 million losses in 2015 against EGP93.5 million profits for 2014
