ArabFinance: Obour Land for Food Industries (OLFI) announced that its ordinary general meeting (OGM) has approved the distribution of cash dividends worth EGP 0.65 per share to shareholders for 2021 earnings, according to a bourse filing.
The dividends will be paid as of March 31st, with the eligibility in distribution to shareholders until the trading session dated March 28th.
On January 30th, Obour Land announced it 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.