Egypt's AMOC reveals date of cash dividends distribution
The dividends will be paid as of October 21, 2021, with eligibility for shareholders on a record date of October 18, 2021
A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.
REUTERS/Mohamed Abd El Ghany
By Staff Writer, Arab Finance
Egypt - Alexandria Mineral Oils Company (AMOC) announced that it will distribute cash dividends worth a total of EGP 193.72 million to shareholders for fiscal year (FY) 2020/2021, equivalent to EGP 0.15 per share, according to a statement filed to the Egyptian Exchange (EGX).
The dividends will be paid as of October 21st, 2021, with eligibility for shareholders on a record date of October 18h, 2021, AMOC pointed out.
It is worth noting that AMOC turned profitable in FY 2020/2021, with a consolidated net profit before minority interest of EGP 485.66 million, versus a net loss of EGP 488.28 million in FY 2019/2020.
AMOC is an Egypt-based company that operates in the petroleum industry. The company specializes in the production of essential mineral oils, paraffin wax and its derivatives, naphtha, and butane, as well as distributes and markets them in Egypt and abroad.
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.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW