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Arab Aluminum to distribute EGP 1 per share

Arab Aluminum to distribute EGP 1 per share

ArabFinance:  Arab Aluminum (ALUM) announced the distribution date of the cash dividends of EGP 1 per share, according to a statement sent to the Egyptian exchange.

The company stated that the dividend will be payable on April 8th to the shareholders recorded on April 5th.

ALUM achieved net profit of EGP 7.554 million in 2019, down from EGP 12.820 million in 2018, with a 41% profit.

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

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