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NileSat sets due date of cash dividends

NileSat sets due date of cash dividends

ArabFinance: The Egyptian Satellites (NileSat) (EGSA) declared a cash dividend payable on April 7th, according to a statement sent to the Egyptian exchange.

It will distribute $0.55 per share, however, the board of directors proposed on February 19th distributing $0.50 per share.

The company said the shareholders recorded on April 12th, are entitled to the cash dividends.

NileSat’s ordinary general meeting decided to distribute $20.53 million or 11% of the company’s capital for 2019. It posted profits of $42,531,276 in 2019 down from $53,466,878 a year earlier.

The company operates within the media sector focusing on Cable and Satellite.

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