March 29, 2021

Egypt Gas approves EGP 1/share coupon

ArabFinance: The ordinary general assembly of Egypt Gas (EGAS) approved cash dividend distribution of EGP 1 per share for 2020’s earnings, according to the company’s statement to the Egyptian Exchange on March 28th.

In February, the company’s board of directors recommended a cash dividend for 2020.

The company posted a 48.7% on Year fall in its net profit in 2020, recording EGP 84.63 million in 2020, compared to EGP 164.95 million in 2019.

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.


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