Lebanon Businessnews News
 

RYMCO distributes dividends
New board of directors elected
Share     Share on Facebook     Share on LinkedIn    
WatsApp
Rasamni Younes Motor Company (RYMCO) announced that it will distribute dividends of $3 million on its 2012 profits. The company will pay out 11 cents per share to shareholders, representing around three percent of the share price ($3.5 per share at last closing).

RYMCO had made $5 million in net profits in 2012, up by 230 percent from the previous year. RYMCO’s capital comprises around 27 million shares.

RYMCO’s general assembly elected a new board of directors, chaired by Fayez Rasamni, and serving until 2015. Members of the board include Ziad al-Rayes, Albert Lteif, Omar Jaroudi, Fadi Younes, and Ziad Rasamni, and Houssam al-Sayyed, representing Mohammad Abdul Mohsen Khorafi & Sons.
Reported by Yassmine Alieh
Date Posted: Jul 11, 2013
Share     Share on Facebook     Share on LinkedIn    
WatsApp