Mobinil delays dividend distribution

MobiNil, Egypts biggest cellular-phone operator, has said the distribution of cash dividends from its 2010 profits are to be delayed due to the countrys economic and political situation, Reuters has reported. MobiNil had said in January it would pay a dividend of EGP9.19 per share for the first nine months of 2010 on January 27 to shareholders as of January 23.