The ordinary general meeting (OGM) of Alexandria Mineral Oils Co (AMOC) has approved to distribute cash dividends worth EGP 452 million to shareholders for fiscal year 2018/2019.
The dividend will be paid in two installments worth a combined EGP 0.35 per share, AMOC said in a statement to the Egyptian Exchange (EGX) on Sunday.
The dividends shall be paid for the shareholders by the end of trading on 21 October at EGP 0.25 per share and the second installment will be paid to shareholders on 27 February 2020 at EGP 0.10 per share, according to the statement.
In August, AMOC’s board of directors recommended a cash dividend distribution of EGP 0.25 per share for fiscal year 2018/2019.
it is worth noting that in FY18/19, AMOC generated a net profit of EGP 450 million, compared to EGP 1.48 billion in the prior fiscal year.