EIPICO approves dividends for 2020, names new chairman

In addition, the board of directors decided to appoint Ahmed Saeed Mohamed Kilany as the company’s Chairman and Managing Director

  
Cairo – The ordinary general meeting (OGM) of the Egyptian International Pharmaceutical Industries (EIPICO) approved a cash dividend of EGP 292.71 million or EGP 3 per share for 2020, according to a bourse disclosure on Sunday.

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In addition, the board of directors decided to appoint Ahmed Saeed Mohamed Kilany as the company’s Chairman and Managing Director.

Over the course of 2020, EIPICO logged net profits of EGP 487.4 million, down from EGP 671.44 million in 2019.

Source: Mubasher

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