Cairo-Mubasher: Gharbia Islamic Housing Development will hold the ordinary general meeting on 17 March to discuss the FY15 financial statements and EGP 1.1 million cash dividends, according to a bourse statement on Sunday.

The board recommended dividends of EGP 0.20 per share for FY15.

The company reported a 75.4% surge in net profits to EGP 3.05 million in FY15, compared to EGP 1.7 million in FY14.