Table of Contents
Oriental Weavers Carpets, the Egyptian company that became the world's largest producer of machine-woven carpets from a single loom operation founded in 1979, will distribute EGP 997.66 million ($18.3 million) in dividends to shareholders for the 2025 financial year, following approval at its ordinary general meeting.
The payout works out to EGP 1.5 per share and will be released in instalments starting May 2026, timed to available cash liquidity. The Khamis family, which controls 56.58% of the company's shares, stands to collect approximately EGP 564.36 million ($10.35 million) of that total.
The dividend comes as the company reported consolidated net profits attributable to the parent of EGP 2.189 billion ($40.16 million) for 2025, essentially unchanged from EGP 2.192 billion in 2024, a year-on-year slip of just 0.13%. Revenue told a more upbeat story: consolidated net sales climbed to EGP 26.622 billion ($488.48 million) from EGP 24.288 billion ($445.65 million) in 2024, a gain of roughly 10% driven largely by higher export volumes and firmer international pricing.
The muted profit performance despite the top-line growth reflects a pattern the company has navigated for the past couple of years. Egypt's currency moves have reshaped the revenue base upward in local currency terms, while rising input costs, softer domestic demand and the fading of export rebates have kept margins in check. In the first half of 2025 alone, consolidated profit attributable to shareholders fell 16.36% to EGP 1.043 billion even as net sales rose nearly 17% to EGP 12.565 billion. The second half evidently recovered strongly enough to bring the full-year profit almost level with 2024.
The company behind the numbers
Oriental Weavers was built from the ground up by Mohamed Farid Khamis, who started the business in 1979 and listed it on the Egyptian Exchange in 1997. From that single loom, it grew into what is now widely recognised as the world's largest manufacturer of machine-woven carpets. The group operates plants in Egypt and the United States, exports to more than 130 countries, and produces across the full spectrum of floor coverings including tufted and jet-printed rugs, needle-punched carpets, wall-to-wall carpeting and car mats.
The Khamis family today controls 56.58% of the listed company. Leadership has passed to the next generation, with Yasmine Mohamed Khamis and her siblings running the group. The business is vertically integrated, managing its own fibre extrusion, dyeing, spinning, weaving and finishing operations, a structure that gives it tight control over costs and quality across a product range that serves markets from mass retail to premium design.
Oriental Weavers also has a footprint in sustainability credentials. The company secured independent verification of its carbon footprint initiatives in early 2026, a step it has been building toward as global buyers increasingly require environmental accountability from their supply chains.
The dividend context
The EGP 997.66 million ($18.3 million) distribution represents the company's commitment to rewarding shareholders in a year when profit was essentially held steady rather than grown. Oriental Weavers has been a consistent dividend payer since its listing nearly three decades ago, a track record that has made it a fixture in the portfolios of institutional investors on the Egyptian Exchange.
The instalment structure of the 2025 payout, tied to available cash liquidity, reflects the working capital demands of a manufacturing business operating across multiple geographies while managing foreign exchange exposure on both costs and revenues. The first tranche arrives in May 2026, with subsequent payments to follow as cash flows permit.
For a company selling carpets to 130-plus countries from facilities in North Africa and North America, holding net profit flat while growing sales by 10% in a year marked by currency volatility and uneven global demand is a reasonable result. Whether 2026 brings the margin recovery the business has been working toward will depend in part on how Egypt's broader macroeconomic conditions evolve and how quickly domestic consumer demand returns to form.
