Egyptian mobile operator Mobinil has approved a dividend of 9.19 Egyptian pounds ($1.59) per share to be paid on January 27 to those holding shares at the end of the trade on January 23, the bourse said on Wednesday.

Company sources said the dividend would be for the first nine months of 2010.

The company's dividend for the second half of 2009 was 7.50 Egyptian pounds per share.-Reuters