Cairo – Mubasher: The ordinary general meeting (OGM) of Arab Ceramic Company - Ceramica Remas approved increasing its cash dividends from 5 to 10 piasters per share, as well as distributing bonus shares.
The total value of cash dividends after the rise will reach EGP 6.4 million, the company said on Thursday in a statement to the Egyptian Exchange (EGX).
The company’s net profits stood at EGP 34.1 million in the period ended 31 December 2016.
Arab Ceramic Company had submitted documents to the EGX to raise the capital by EGP 31.25 million, distributed over 31.25 million shares with a par value of EGP 1, financed from 2016 profits.
