Arabian Cement Shareholders Endorse EGP0.11/Share Dividend

Shareholders of Egypt-based Arabian Cement Company approved on Monday the proposed dividend payout at EGP 0.11 per share, totaling EGP 41.7 million for the first quarter of fiscal year 2013/14.

During an ordinary general meeting held on Monday, the shareholders also ratified the board and auditors’ reports, besides Q1 financial statements.

Arabian Cement’s business results for Q1 that ended on March 31, 2014 showed a consolidated net profit at value of EGP 117 million.