Oriental Weavers Giving Dividend of Stock

Cairo, Egypt, July 24, 2008--Oriental Weavers, Egypt's largest carpet maker, said on Thursday it would pay a stock dividend of about one share for every three held.

The company said it would distribute 0.328 shares for each share held on July 31. Shareholders on July 30 would be eligible, it said.

The company posted a 17.5 percent rise in first-quarter net profit, topping an analyst's forecast.