Egypt Gas’s stock limited down on EGP 3/shr dividend

This will be applied as of the closing of the ex-dividend date session on April 22

  

Egypt - The Egyptian Exchange (EGX) has limited down the stock of Natural Gas and Mining Project (Egypt Gas) (EGAS) by 15.202%.

In addition, the temporary halt down of the stock will be 10.491%, according to an EGX disclosure.

This will be applied as of the closing of the ex-dividend date session on April 22nd.

This stock limit down has been decided upon the distribution of EGP 3 per share cash dividend on April 27th.

It is noteworthy to mention that Egypt Gas achieved net profits of EGP 164.95 million in 2019.

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