ArabFinance: The Egyptian International Pharmaceutical Industries Company (EIPICO) (PHAR) will distribute the cash dividend of EGP 3 per share in two installments; each worth EGP 1.50 per share, according to a statement filed to the Egyptian Exchange (EGX) on April 11th.

The record date for the eligibility in dividends distribution to shareholders has been set on April 19th.

The first installment will be paid as of April 26th, while the second will be disbursed as of July 28th.

On March 27, the company’s ordinary general meeting (OGM) approved the distribution of EGP 3 per share in cash dividends for the year 2021.

It is worth mentioning that EIPICO reported consolidated profits attributable to the parent company of EGP 483.917 million in 2021, up from EGP 422.832 million in 2020.

EIPICO is an Egypt-based public shareholding company that operates in the pharmaceutical industry. It is a manufacturer and exporter of pharmaceuticals and holds license agreements with a group of international.