Friday, April 1, 2011

AFRICA: Egypt's Sinai Cement to pay 9.50 Eg pound dividend

Egypt's Sinai Cement (SCEM.CA: Quote) shareholders have approved a 9.50 Egyptian pound ($1.60) cash dividend for 2010, the company said in a statement released on Monday by the stock exchange.

Shares in Sinai Cement, a unit of France's Vicat (VCTP.PA: Quote), were trading 4.3 percent higher on Monday at 1030 GMT. (Reporting by Sarah Mikhail; Editing by Erica Billingham)

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