ArabFinance: The Egyptian Satellites (NileSat) will distribute annual cash dividends of $0.45 (EGP 7.06) per share on April 28th, according to the companys April 5thstatement filed to the Egyptian Exchange.

The company stated the dividend will be disbursed to the shareholders recorded on April 25th.

NileSat posted a net profit of $34.15 million (EGP 535.53 million) in 2020, compared to $42.53 million (EGP 666.95) million in 2019.

NileSat is an Egypt-based public shareholding company that offers services related to satellite radio and television broadcasting, in addition to the broadband internet. The company has a booking center that provides a range of services including satellite newsgathering as well as feed and turnaround services, in addition to a training center.

At press time, the conversion rate is $1 = EGP 15.68

Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.