Obour Land for Food Industries’ board nods to dividend payment for 2021

Updated 1/30/2022 1:22:49 PM

ArabFinanceObour Land for Food Industries (OLFI) announced that its board of directors has approved the distribution of cash dividends to shareholders for the full-year 2021, according to a statement filed to the Egyptian Exchange (EGX).

The cash dividends worth a total of EGP 260 million, equivalent to EGP 0.65 per share.

It is worth noting that the company recorded a consolidated net profit attributable to the parent of EGP 350.68 million for the full-year ended December 31st 2021, compared to a net profit of EGP 310.36 million for the year ended December 31st 2020.

Established in 1997 and listed in 2016, Obour Land for Food Industries is an Egypt-based manufacturing company, which is specialized in the production, processing and packaging of white cheese.