CAIRO: Shareholders of Egypt’s Misr Beni Suef Cement approved a LE 5 cash dividend and a proposal to boost its capital by 25 percent, the firm said on Monday in a statement released by Egypt’s bourse.
Misr Beni Suef’s board had proposed in March to increase the firm’s capital by LE 100 million to support its capital base.
The cement maker said in March that 2010 net profit fell 22 percent to LE 303.9 million.
Shares of Misr Beni Suef jumped 5.5 percent on Monday, while Egypt’s benchmark share index rose 1 percent.
