ArabFinance: Egypt Gas’ (EGAS) ordinary general meeting (OGM) has approved the distribution of EGP 1.5 per share in cash dividends, according to a filing to the Egyptian Exchange (EGX) on Sunday.
Dividends will be paid on one or more installments depending on the company’s liquidity.
Egypt Gas reported a net profit after tax of EGP 165.828 million in the full year ended December 31st 2021, up from EGP 84.665 million in 2020.
It is worth noting that Egypt Gas is an Egypt-based shareholding company engaged in the design, installation, operation, and maintenance of natural gas distribution networks and pressure reduction stations for domestics, commercial, and industrial applications.