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Stock exchange companies have distributed EGP 9.7 billion in cash dividends to their shareholders since the beginning of the year


The Egyptian Stock Exchange's weekly report revealed that listed companies distributed cash dividends amounting to EGP 9.7 billion since the beginning of the year. This came despite the Central Bank of Egypt’s decision not to allow banks to make cash dividends from annual or withheld profits that are distributable to shareholders. Profits were distributed between 2271 million pounds during January: 537 million pounds during March, 6.219 billion pounds in April, and 648 million pounds in the first two days of May.

 

 

During the week ending, Nasr City for Housing and Development distributed Coupon No. 47 at a price of 0.45 pounds.

 

23 companies distributed cash dividends to shareholders during the month of April, most notably: Arab Aluminum Arab Food Industries - Domty, Edita Food Industries, Egyptian Financial and Industrial Industries, Al-Tawfiq Financial Leasing-ATLess, coupons paid with a value of EGP 1.5, 0.2 EGP, 0.207 Pounds, 0.25 pounds, 0.196 pounds, respectively.

 

 

The companies listed on the Egyptian Stock Exchange had distributed cash dividends to shareholders, amounting to 23.7 billion pounds during the year 2020, divided into 83 million and 45 million pounds, during the months of January and February respectively, 206 million pounds during the month of March, and the month of April recorded the highest in Distributions worth 13.518 billion pounds.

 

 

Stock exchange companies distributed profits of 487 million pounds during May, 299 million pounds during June, 2.774 billion pounds in July, 433 million pounds in August, 135 million pounds during September, and 1.8 billion pounds during October. 3.6 billion pounds in November, and 517 million pounds in December.

 

Cash dividends are defined as how much companies pay in dividends every year in relation to their share price, and 92 companies listed on the Egyptian Stock Exchange achieved cash dividends of about 23.8 billion pounds during 2019.

 

 

The Egyptian Stock Exchange, a leading market in the region, is registered with a number of individual investors, financial institutions and investment funds. The registration helps to provide many advantages, including the financing necessary to help industrial, commercial and service entities to sustainable growth, and to diversify the sources of financing available to them.

 

The offering on the stock exchange contributes to expanding the ownership base for companies, improving the performance of companies, enhancing the principles of transparency and governance systems in them and diversifying their resources. The offering aims to develop, develop and revitalize the flow of capital and trading on the Egyptian Stock Exchange, and raise the market capital to be more attractive to investors.

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