Oriental Weavers' shareholders approve $19mln dividends for 2024
Cairo – The shareholders of Oriental Weavers greenlighted cash dividends of EGP 1.06 billion for 2024, according to a recent bourse filing.
The company's ordinary general meeting (OGM) approved, on 7 April, the distribution of EGP 1.60 per share.
Meanwhile, the dividends will be disbursed over three installments during April, July, and October 2025.
In the 12-month period that ended on 31 December 2024, Oriental Weavers achieved consolidated net profits after tax valued at EGP 2.54 billion, higher than EGP 1.89 billion in 2023.
Source: Mubasher
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