The Egyptian Flat Glass Company (EFGC) has reported the distribution of a 10 Egyptian pound ($1.6) per share cash dividend set for January 15, 2004, translating into a seven percent dividend yield, reported Al-Alam Al-Youm.
Founded in 1995, EFGC now controls the local glass for the construction market. It produces flat glass for windows and car windshields in its Cairo plant, whose output reaches 400 metric tons of glass per day. In 2002, Guardian Middle East and Africa purchased 34 percent stake in the company. — (menareport.com)
© 2004 Mena Report (www.menareport.com )