El-Sewedy Electric to hand out stock dividend

Ahram Online, Monday 5 Sep 2011

El-Sewedy Electric has announced the distribution of a stock dividend, at a ratio of 3 shares for every 10 held on September 12th, 2011

El-Sewedy Electric has announced the distribution of a stock dividend, at a ratio of 3 shares for every 10 held on September 12th, 2011.

The company’s paid-in capital should sequentially increase from EGP1.82 billion to EGP2.23 billion, with the high funded from the retained earnings; hence, maintaining shareholder’s equity constant.
 

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