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Cairo – Mubasher: The Ordinary General Assembly of the Oriental Weavers Carpets Company agreed to distribute the profits by distributing 65 piastres per share in cash.
The company said in a statement to the Egypt Stock Exchange, Monday, that the profits will be distributed in July.
The association approved the report of the board of directors on the company’s activities and the company’s financial statements for the year 2019.
The association agreed to buy 4 industrial units in one-tenth of the city of Ramadan, with a total area of 522.12 square meters for units, worth £ 4.46 million, from Orientals for Urban Development, according to an expert evaluation by Arkoun Engineering Consulting.
During 2019, the company made £ 855 million in the January-December 2019 period, compared to £ 550.23 million in 2018, taking minority interests into account.
The company’s sales increased over the past year to £ 10.13 billion, compared to sales of £ 10.4 billion in 2018.
At the independent business level, the company reached 708.6 million pounds last year, compared to 745.8 million pounds in 2018.
Nominations:
The stock exchange approves the capital increase of the shares of Oriental Weavers Carpets
The stock market announces the end of the right and the distribution date of the free oriental woven shares
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