Telecom Egypt announces payout date of dividends

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

  

ArabFinance:Telecom Egypt (ETEL) will distribute annual cash dividends of EGP 0.750 per share on April 28th, according to the company’s statement filed the Egyptian Exchange.

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

The telecom provider achieved a consolidated net profit of EGP 4.58 billion in 2020, compared to EGP 4.39 billion in 2019.

Telecom Egypt is an Egypt-based joint-stock company, which is engaged in the provision of public communications and associated products and services.

The company operates under the following segments: communications, marine cables, and infrastructure; internet services, as well as outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services.

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