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Oriental Weavers sets due date of 0.5 stock dividend

Oriental Weavers sets due date of 0.5 stock dividend

ArabFinance: Oriental Weavers (ORWE) decided to increase the issued capital from EGP 443,404,845 to EGP 665,107,268 with an increase amounting to EGP 221,702,423 financed from reserves that showed in financial result for FY2018. 

The increase will be distributed on 221,702,423 free stocks at the par value of EGP 1 per stock.

The company will distribute on March 18, 0.05 free stock for every existing one held before the capital increase, to shareholders recorded on March 04, 2020.

On March 18, the company will distribute 0.50000000112 per each original one share before the capital increase, to shareholders recorded on March 19.

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04 Oct 2021
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