General for Silos and Storage’s OGM nods to dividends payment
Updated 12/19/2021 2:00:47 PM
ArabFinance: The ordinary general meeting (OGM) General Company for Silos and Storage (GSSC) approved the distribution of cash dividends worth a total of EGP 7.5 million for the fiscal year (FY) ended June 30th, 2021, equivalent to EGP 0.75 per share, according to a statement filed to the Egyptian Exchange (EGX).
The OGM also approved to authorize the company’s board in the capital increase process.
The company plans to raise its issued and paid-up capital by EGP 25 million to EGP 125 million through the distribution of 2.5 million bonus shares at a nominal value of EGP 10 per share.
GCSS is an Egypt-based company engaged in the food processing industry sector.
The company is primarily involved in the manufacture, trade, import, export, storage, package, and distribution of different types of grain and its derivatives, foodstuff, and yeast, as well as animal feed and its components.
