The auditor will be also be consulted to take a decision which will be then referred to the next OGM for approval
A trader works at the Egyptian stock exchange in Cairo, Egypt September 20, 2018.
REUTERS/Mohamed Abd El Ghany
By Staff Writer, Mubasher
Cairo – The ordinary general meeting (OGM) of Dice Sport and Casual Wear approved a decision to withhold dividend payments until a study is conducted to assess how much liquidity is required for a dividend payout.
The auditor will be also be consulted to take a decision which will be then referred to the next OGM for approval, the company said in a bourse disclosure on Sunday.
The shareholders also decided to reshuffle its board of directors for a one-year term.
During the first nine months of 2020, Dice reported net losses of EGP 56.56 million, against net profits of EGP 125.29 million in the year-ago period, including minority shareholders’ rights.
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