Cairo – Mubasher: Egypt Gas on Sunday announced its ordinary general meeting (OGM) has approved a cash dividend distribution of EGP 1.25 per share to shareholders for fiscal year 2018.
The dividends will be paid over one or more installments based on the company’s liquidity, Egypt Gas said in a statement to the Egyptian Exchange (EGX).
Furthermore, the OGM has endorsed the board’s report on the company’s business last year, as well as 2018 financial statements.
The OGM has also decided to form a committee to review the available investments for sale in light of the Egyptian auditing standards in collaboration with companies being invested in, the company added.
In February, Egypt Gas posted EGP 35.16 million in net profit for 2018, versus EGP 25.6 million in of 2017.
