Egypt's Arab Drug unveils date of dividends payment

The dividends will be paid on November 10, with the eligibility to shareholders of record date on November 7, 2021

  
A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

REUTERS/Mohamed Abd El Ghany
 

Egypt - The Arab Drug Company (ADCI) announced that it will distribute cash dividends worth EGP 5 per share to shareholders for fiscal year (FY) 2020/2021, according to a recent filing to the Egyptian Exchange (EGX).

The dividends will be paid on November 10th, with the eligibility to shareholders of record date on November 7th, 2021.

It is worth noting that the company posted a net profit of EGP 102.063 million in FY 2020/2021, compared to profit of EGP 92.800 million in FY 2019/2020.

Arab Drug is an Egypt-based company engaged in the pharmaceutical sector. The company focuses on the manufacture, packaging, and distribution of pharmaceutical products as well as chemical solutions for human and veterinary use.

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