Abu Qir Fertilizers announced that its shareholders approved raising the cash dividend for fiscal year 2018/2019 to EGP 1.3 per share instead of the proposed EGP 1.1 during an ordinary general meeting (OGM).

The dividends will be paid in two tranches; the first tranche amounts to EGP 0.30 a share and will be paid on 24 October and the second one stands at EGP 1 per share and will be paid on 21 December, the company said in a filing to the Egyptian Exchange (EGX) on Sunday.
It is noteworthy that Abu Qir Fertilizers logged a net profit of EGP 3.15 billion during FY18/19, compared to EGP 2.4 billion a year earlier.

The company’s capital reaches EGP 1.89 billion, divided on 1.26 billion shares at a nominal value of EGP 1.5 apiece.

-Mubasher