October Pharma’s OGM nods to stock dividends distribution
Updated 7/25/2022 11:56:49 AM
Arab Finance: The ordinary general meeting (OGM) of October Pharma (OCPH) has approved to distribute 1-for-1 bonus shares to shareholders, according to a statement filed to the Egyptian EGX) on July 25th.
The stock dividends will be financed from the retained earnings and profits as per the financial results for the year ended December 31st 2021.
The OGM has also agreed to raise the company’s issued capital to EGP 120 million from EGP 60 million.
October Pharma is an Egypt-based company engaged in the production of human pharmaceutical preparations.
The company’s major shareholders include the Arab Company for Drug Industries and Medical Appliances as well as the Saudi-Egyptian Industrial Investment Company.
