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October Pharma’s OGM nods to EGP 24M dividends

October Pharma’s OGM nods to EGP 24M dividends

ArabFinanceOctober Pharma’s (OCPH) ordinary general meeting (OGM) has approved the distribution of EGP 24 million in cash dividends, equivalent to EGP 4 per share, for the year 2021, according to a filing to the Egyptian Exchange (EGX) on Sunday.

The OGM also approved the disbursement of 1-for-1 bonus shares.

It is worth noting that October Pharma recorded a net profit after tax of EGP 119.791 million in 2021, up from EGP 88.258 million in 2020.

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.

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