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Int’l Investment OKs dividend freeze

Int’l Investment OKs dividend freeze
Photo Credit: Arabianeye-Reuters

Shareholders of International Company for Investment approved withholding a dividend payout for 2014, the company said in a bourse statement.

The company reported net profits of EGP 636,900 for 2014, compared with EGP 5.4 million for the previous year, a decline of 93.6%.

The firm is capitalised at EGP 30 million, distributed across 6 million shares at EGP 5 par value each.