NileSat to pay $0.50/share dividends for 2023

The dividends will be paid as of April 29th, with eligibility in distribution to shareholders on a record date of April 23rd

Staff Writer, Arab Finance

April 8, 2024

PHOTO

The Egyptian Satellites Co (NileSat) will distribute cash dividends worth $0.50 per share for 2023 earnings, according to a disclosure.

The dividends will be paid as of April 29th, with eligibility in distribution to shareholders on a record date of April 23rd.

In 1023, NileSat achieved net profits of $43.754 million in 2023, up by 55.79% year-on-year (YoY) from $98.966 million.

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