Middle East Glass's OGM okays cancelling distributions

Updated 5/24/2016 10:57:14 AM

Arab Finance: Middle East Glass Manufacturing’s (MEGM) ordinary general assembly was convened on 23/05/2016.

OGM approved cancelling distribution of profits for the ending fiscal year 2015.

Moreover, OGM ratified to deduct the amounts paid to the company’s employees under profit shares from the delayed profits.

Source: EGX & Arab Finance editor