Cairo – The ordinary general meeting (OGM) of Abu Qir Fertilizers approved a cash dividend distribution of EGP 1.20 per share for fiscal year 2019/2020.

The dividends will be distributed over two payments: EGP 0.30 a share on 22 October and EGP 0.90 on 31 December, the company said in a bourse disclosure on Sunday.

The shareholders also greenlighted the reformation of the board of directors for a three-year term that started last July.

During FY19/20, Abu Qir Fertilizers achieved net profits of EGP 2.69 billion, down from EGP 3.16 billion a year earlier.

Source: Mubasher

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