Cairo – Mubasher: Sidi Kerir Petrochemicals’s(Sidpec) ordinary general meeting (OGM) has decided to distribute a cash dividend worth EGP 1.25 per share to shareholders for fiscal year 2018, instead of EGP 0.70 a share.
The dividends will be paid over three installments valued at EGP 0.50, EGP 0.50, and EGP 0.25 per share, respectively, Sidpec said in a statement to the Egyptian Exchange (EGX) on Sunday.
The general assembly has also endorsed 2018 financial statements and the board and audit reports, the statement added.
In February, Sidpec reported an EGP 1.2 billion in consolidated profits for FY18, versus EGP 1.13 billion in 2017.
