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Arab Aluminum to distribute EGP 1.5/share

Arab Aluminum to distribute EGP 1.5/share

ArabFinance: Arab Aluminum Company (AAC) (ALUM) will distribute annual cash dividends of EGP 1.50 per share on April 20th, according to the company’s March 31st filing to the Egyptian Exchange.  

The listed company stated the dividend will be disbursed to the shareholders recorded on April 15th.

The company’s unaudited financials showed an 81% Year on Year jump in its net profit in 2020, registering EGP 13.67 million.

On a yearly basis, the company’s net profit rose 5% during the first nine months of 2020, recording EGP 7.728 million.  

AAC is an Egypt-based company that specializes in extruding aluminum profiles for architectural and industrial applications.

The company undertakes the activities of aluminum billet casting, dies, extrusion, alloys, painting, and anodizing.

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