The decisions are pending final agreement at the company’s annual shareholders’ meeting on March 20″
The stock split is to expand
our investor base, add new segments … and enhance liquidity,”
Investor Relations Manager Haitham Abdel Moneim told Reuters .
The dividend, if approved, will be paid prior to the split, he said .
Oriental Weavers, the world’s
biggest machine woven carpet producer, has 74 million listed shares.
The company reported a full-year net profit after minority interests of
312 million pounds, up 0.4 percent from the previous year .
In 2008, the group paid out a 1.1 pound dividend .
Its shares were trading 4.7 percent higher at 40 pounds by 0930 GMT .
Date:3/2/2010
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