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Arab Aluminum's general assembly approves cash dividends

Arab Aluminum's general assembly approves cash dividends

ArabFinance:  Arab Aluminum's (ALUM) ordinary general assembly approved distributing cash dividends of EGP 1 per share. 

on March 15th, the general assembly ratified the financial results and the board of directors' annual report for 2019, according to a statement sent to the Egyptian exchange.

The company posted net consolidated profit reached EGP 7.554 million in 2019, a 41% rise from 12.820 million achieved a year earlier.

Established in 1976 and listed in 1982, Arab Aluminum specializes in extruding aluminum profiles for different applications, e.g. architectural, industrial, and according to international standards, with a capacity of 15,000 tpy. The facility comprises of a cast house, an anodizing plant including electro-coloring, a paint line and die manufacturing plant.

It started exporting in 1979, to markets in France, Australia, Germany, Czech Republic, UK, as well as Arab and African countries.

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