Cairo - Mubasher: The ordinary general meeting (OGM) of Gharbia Islamic Housing Development (GIHD) has approved on Thursday the distribution of cash dividends to shareholders at 20 piasters per share.
The OGM also approved the board of directors and auditor’s reports for last year, according to the company’s statement to the Egyptian Exchange (EGX) on Sunday.
Profits for fiscal year 2016 declined 45.6% to EGP 1.66 million from EGP 3.05 million in FY15.
The company’s board had previously proposed to distribute cash dividends of 20 piasters per share, with a total value of EGP 1.1 million.
