Cairo – Mubasher: The Egyptian Ministry of Finance and Ministry of Trade and Industry signed an agreement with Dice Sport and Casual Wear to settle outstanding export subsidy payments owed by the Export Development Fund up to 30 June 2019.
Under the deal, Dice will receive EGP 130 million on equal payments for five years starting from 2020, according to a bourse disclosure on Monday.
It is noteworthy that during the first nine months of 2019, Dice reported net profits of EGP 125.29 million, compared to EGP 112.06 million in the year-ago period, including minority shareholders’ rights.
