Abu Qir Fertilizers unveils record date of dividends payment

The eligibility for shareholders in the dividend payment will be on a record date of October 17, 2021

  
Traders work at the Egyptian stock exchange in Cairo February 2, 2014.

Traders work at the Egyptian stock exchange in Cairo February 2, 2014.

REUTERS/ Mohamed Abd El Ghany
 

Egypt - Abu Qir Fertilizers and Chemicals Industries Company (ABUK) will pay cash dividends worth EGP 1.30 per share to shareholders for fiscal year (FY) 2020/2021, according to a statementfiled to the Egyptian Exchange (EGX).

The dividends will be paid in two installments; the first installment valued at EGP 0.30 per share to be paid on October 21st, 2021, while the second worth EGP 1.0 per share will be paid on December 30th, 2021.

The eligibility for shareholders in the dividend payment will be on a record date of October 17th, 2021.

It is worth noting that Abu Qir Fertilizers posted a net profit of EGP 3.516 billion in FY 2020/2021, compared to EGP 2.695 billion in FY 2019/2020.

Abu Qir Fertilizers is an Egypt-based company engaged in the agricultural chemicals sector. The company focuses on the production, distribution, and export of fertilizers, chemicals, and related products.

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