Arab Finance: Sidi Kerir Petrochemicals Company (Sidpec) has decided to distribute cash dividends of EGP 1.25 per share to shareholders for 2023, according to a disclosure on April 30th.

The dividends will be paid via two installments worth EGP 0.75 and EGP 0.50 per share each on May 29^th and September 25^th, respectively.

The eligibility in distribution will be for shareholders on a record date of May 26th.

It is worth mentioning that the firm posted a 98.63% year-on-year increase in net profits after tax in 2023.

Established in 1997 and listed on EGX in 2005, Sidpec operates within the materials sector focusing on commodity chemicals. It has subsidiaries operating across Egypt, working on textiles and oil and gas refining.

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