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Al Ezz Dekheila Steel OGM nods to EGP40/shr coupon distribution

Al Ezz Dekheila Steel OGM nods to EGP40/shr coupon distribution
The OGM has approved a dividend distribution of EGP 534.5m and EGP 59.3m for shareholders and employees, respectively
Al Ezz Dekheila Steel
IRAX
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Cairo – Mubasher: The ordinary general meeting (OGM) of Al Ezz Dekheila Steel - Alexandria has agreed to pay an EGP 40 per share coupon to shareholders for the first quarter of 2018.

The OGM has approved a dividend distribution of EGP 534.5 million and EGP 59.3 million for shareholders and employees, respectively, the company said in a filing to the Egyptian Exchange (EGX) on Monday.

The OGM also endorsed the company’s financial statements for the first quarter of 2018, according to the filing.

Al Ezz Dekheila Steel previously reported an EGP 431.7 million in profits for the three-month period ended last March, versus a net loss of EGP 68.8 million in Q1-17.