ArabFinance: The ordinary general meeting (OGM) of Paints and Chemical Industries (Pachin) (PACH) has approved the distribution of cash dividends worth EGP 1.25 per shares to shareholders for fiscal year (FY) 2020/2021, according to a statement filed to the Egyptian Exchange (EGX).

The dividends will be paid in two installments; the first worth EGP 0.75 per share to be distributed by the end of January 2022, while the second worth EGP 0.50 per share to be paid by the end of March 2022.

It is worth noting that Pachin reported a consolidated net profit after tax attributable to the parent company of EGP 52.72 million for fiscal year (FY) 2020/2021.

Paints and Chemical Industries is an Egypt-based public shareholding company engaged in the production, marketing, distribution of paints, varnishes, industrial chemicals, printing inks, animal extracts, and other related products.

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