Misr Chemical Industries announces payout date of dividends

The company stated the dividend will be disbursed to the shareholders recorded on November 16

  
ArabFinance: Misr Chemical Industries Company’s (MICH) will distribute annual cash dividends of EGP 1 per share on November 19th, according to the company’s November 3rdstatement filed the Egyptian Exchange.

The company stated the dividend will be disbursed to the shareholders recorded on November 16th.

The company posted a net profit of EGP 41.889 million in the July-September period of 2020, 370% leap from EGP 8.916 million achieved in the prior-year period.

Misr Chemical, a subsidiary of Holding Company for Chemical Industries, is an Egypt-based public shareholding company engaged in the manufacture of chemical products.

The company’s manufacturing plant produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.

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