Cairo - Mubasher: Egypt Aluminum Company said on Wednesday that it is negotiating a finance deal with a local bank, according to a bourse filing.
The finance will be providing the needed liquidity for distributing cash dividends for fiscal year 2016, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday.
In March, the company’s ordinary general meeting (OGM) approved the distribution of EGP 1 per share, and a total value of EGP 5.65 million, as recommended by the board of directors.
