Cairo – Mubasher: Abu Qir Fertilizers announced Sunday that the extraordinary general meeting (EGM) gave the green light to paying out cash dividends for the fiscal year 2015/16 at EGP 9.95 per share on two installments, a bourse statement indicated.
The first tranche is valued at EGP 3 a share and due to shareholders within a month as of 24 September 201, while the second tranche will be cashed during December 2016 at EGP 6.95 per share.
Thus, the total cash dividend payout amounts to EGP 837 million for 2015/16 against EGP 710.8 million for the previous year.
Over the fiscal year 2015/16, the company earned EGP 1.02 billion, higher 13% year-on-year from EGP 903 million.
