Sinai Cement shareholders OK EGP 3/shr dividend

Hani El-Sharqawi wrote:
Sinai Cement Co. held an ordinary shareholder meeting today, Tuesday, July 26, 2011, 3:00 p.m., at Katameya-based headquarters.


Shareholders gave a nod to paying dividend at EGP 3 per share, totaling EGP 210 million. The dividend, which had been proposed by the ordinary shareholder meeting held on Sunday, March 27, 2011, will be financed from retained earnings.


On April 11th, the EGX-listed firm paid coupon No. 10 at EGP 9.5 a share, totaling EGP 665 million.