(2015-03-25) Raya board proposes LE0.25 cash, 1-to-5 bonus share dividends
The board of directors of Raya Holding (RAYA) proposed a LE0.25 per share dividends for 2014 profits. Raya Holding added its board proposed a one bonus share dividend for each five a shareholder holds. The board of directors also approved usufruct contract for a 700 thousand meter land plot Northwest Suez in the economic area on the Ain Sukhna road for LE5 per meter in addition to $0.2 administrative fees per meter annually to be used as a logistical support area, container storage and factories. The company will also participate in the establishment of Integrated Technology Systems (ITS) company by LE1.25 million, which represents 125,000 shares from a total of LE10 million issued capital and LE100 million authorized capital. The company will call an ordinary general meeting of shareholders on April 28