Orascom Construction announces payout date of $0.2313/share

Payment will take place on August 10, 2021

A trader works at the Egyptian stock exchange in Cairo, Egypt September 23, 2019.

A trader works at the Egyptian stock exchange in Cairo, Egypt September 23, 2019.

REUTERS/Mohamed Abd El Ghany

Egypt - Orascom Construction PLC announces that the record date for the dividend distribution of $0.2313 (EGP 3.63) per share to shareholders is set for August 2nd, according to the company’s statement filed to the Egyptian Exchange.

Payment will take place on 10 August 2021, the statement highlighted.

The company shall pay the dividend in U.S. dollars to shareholders holding shares on NASDAQ Dubai and in Egyptian Pounds to shareholders holding shares on the Egyptian Exchange at the record date.

Earlier, Orascom announced that it has added $1.1 billion (EGP 17.25 billion) of new awards to its backlog in quarter two of 2021.

These new awards mark an increase of 52% YoY over the level in Q2 2020 and bring total new awards in half one of 2021 to $1.8 billion.

Orascom Construction PLC is a UAE-based engineering and construction contractor. It is a global engineering and construction contractor primarily focused on infrastructure, industrial, and high-end commercial projects in the Middle East, Africa, and the United States.

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

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