Arab Finance: Oriental Weavers has decided paying cash dividends of EGP 0.60 per share to shareholders for 2022 on May 17th, the company stated on April 19th.
Eligible shareholders will receive dividends on record date of May 14th.
In 2022, the company’s consolidated net profits attributable to the parent company stood at EGP 842.88 million, compared to EGP 1.085 billion in 2021.
Established in 1979, the Oriental Weavers is one of the world’s largest carpets, rugs, and related raw materials producers, with a distribution network spanning across six continents exporting approximately 65-70% of its production to more than 130 countries.