Cairo – Mubasher: The ordinary general meeting of Middle Egypt Flour Mills approved distributing cash dividends for the fiscal year 2015/16 at EGP 1.75 per share, a Tuesday’s bourse filing revealed.

In total, the company will pay out EGP 25.76 million for 2015/16 after registering EGP 60.3 million profits ($6.7 million), higher 40% year-on-year.

The ordinary meeting further ratified amending its self-financed investment budget for the fiscal year 2016/17 to stand at a total of EGP 40 million rather than EGP 50 million.

The stock quote started the mid-week trading session at EGP 15.3 with a 0.97% slide.