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Arab Aluminum to distribute EGP 1.5/shr dividends

Arab Aluminum to distribute EGP 1.5/shr dividends
Photo Credit: Arabianeye-Reuters
Arab Aluminum
ALUM
-0.08% 12.54 -0.01

Arab Aluminum Co.’s ordinary general meeting (OGM) approved distributing a dividend payout of EGP 1.5 per share at a total amount of EGP 8.5 million.

The dividends will be distributed across two tranches at EGP 1.4 million and EGP 7.1 million, respectively, the company said in a bourse statement.

Arab Aluminum posted net profits of EGP 11 million ($1.4 million) in 2014.

The company is capitalised at EGP 28.3 million, divided into 5.7 million shares at EGP 5 par value each.