Arab Finance: The board of directors of General Company for Silos and Storage (GSSC) proposed the distribution of EGP 0.75 per share in cash dividends for the fiscal year (FY) 2021/2022, according to a filing to the Egyptian Exchange (EGX) on Monday.

It is worth noting that General Company for Silos recorded a net profit after tax of EGP 113.61 million in FY 2021/2022, up by 8.42% year-on-year (YoY) from EGP 104.78 million.

GCSS is an Egypt-based company that operates in the food processing industry sector, particularly in the manufacture, trade, import, export, storage, package, and distribution of different types of grain and its derivatives, foodstuff, and yeast, as well as animal feed and its components.