The circuit breaker of the company’s stock is also set at a limit down the level of 15.618%, the EGX disclosure added.
The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on November 30th.
The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 11 per share on December 3rd.
East Delta Flour Mills is an Egypt-based company engaged in the manufacture, processing, warehousing, packaging, import, export, and distribution of different types of grains, grain derivatives, and substitutes. The company also produces such products as bread and pasta.