Arafa to distribute one-for-10 bonus share
The company also distributed one share for every 10 held last year.
January 4, 2011 11:55 by Reuters
Arafa Holding , Egypt’s biggest garment exporter, has approved a one share dividend for every 10 owned, it said on Tuesday.
The company also distributed one share for every 10 held last year. It did not give a date for this year’s distribution.
Arafa’s net profit for the nine months from February to October was $13 million, up from $6 million a year earlier. Arafa’s financial year ends on Jan. 31.
(Writing by Shaimaa Fayed; Editing by Dan Lalor)