Cairo – Mubasher: Telecom Egypt’s (TE) ordinary general meeting (OGM) has approved the proposed dividends for 2017 of EGP 42.6 million.
The OGM has nodded to distribute a per-share dividend of EGP 0.25 for shareholders, the company said in a filing to the Egyptian Exchange (EGX) on Thursday.
TE’s capital amounts to EGP 17.07 billion distributed over 1.7 billion shares at a par value of EGP 10 per share.
TE had previously posted a net profit of EGP 3.2 billion during the full-year 2017, up from EGP 2.7 billion a year earlier.
