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Sidi Krier Petrochemicals' board proposes cash dividends

Sidi Krier Petrochemicals' board proposes cash dividends

ArabFinance: Sidi Krier Petrochemicals (SKPC) board of directors proposed distributing cash dividends of EGP 0.10 per share, according to a released statement.

The company posted consolidated profit reached EGP 487,184,363 in 2019, a 62% Year on Year (YoY) decline from 1,298,726,378 achieved a year earlier.

Established in 1997 and listed in 2005, Sidi Kerir Petrochemicals, commonly known as SIDPEC, operates within the Materials sector focusing on Commodity Chemicals. It has subsidiaries operating across Egypt, working on Textiles and Oil and Gas Refining and Marketing.

SIDPEC is the first step towards integration in petrochemicals’ industry in Egypt, and fulfilling a national objective, which is production of value-added products by using the available raw materials as well as developing related local industries.

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