Arab Finance: Telecom Egypt (ETEL) will pay cash dividends of EGP 1.5 per share to shareholders for 2023 as of April 24th, as per an emailed press release.

Shareholders of record date on April 21st will be eligible to receive the dividends.

The firm reported earlier a 24.9% year-on-year (YoY) increase in consolidated net profits attributable to the holding company in 2023 to EGP 11.465 billion, compared to EGP 9.182 billion.

Telecom Egypt is the first integrated telecom operator in Egypt and is one of the region’s largest operators of subsea cables.

The Cairo-based company is listed on the EGX, and it operates in the sectors of communications, marine cables, infrastructure, internet services, and outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services

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