Obour Land to pay EGP 0.95/share dividends in May

Updated 4/21/2024 10:04:00 AM
Obour Land to pay EGP 0.95/share dividends in May

Arab Finance: Obour Land for Food Industries (OLFI) will distribute cash dividends worth EGP 0.95 per share to shareholders for 2023 earnings as of May 9th, according to a bourse filing.

The eligibility in distribution will be for shareholders until the end of the trading session dated May 2nd.

In 2023, Obour Land achieved a consolidated net profit after tax and non-controlling interest of EGP 470.697 million, rising by 1.8% year on year (YoY) from EGP 462.391 million.

Established in 1997 and listed on the EGX in 2016, Obour Land for Food Industries is an Egypt-based manufacturing company, which is specialized in the production, processing, and packaging of white cheese.

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