Sidi Krier Petrochemicals to distribute dividends

Egypt - Sidi Krier Petrochemicals will distribute cash dividends of EGP 0.300 per share on July 22^nd and October 22^nd, according to the company’s statement filed the Egyptian Exchange.

The company stated the dividends will be disbursed in two equal tranches of EGP 0.15 per share to the shareholders recorded on July 19^th.

The company incurred a net loss of EGP 31 million for Quarter one (Q1) of 2020, against posting a net profit of EGP 193 million in Q1 2019.(SKPC)

Established in 1997 and listed in 2005, Sidi Kerir Petrochemicals, commonly known as SIDPEC, operates within the materials sector focusing on commodity chemicals. It has subsidiaries operating across Egypt, working on textiles and oil and gas refining.

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