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NileSat announces payout date of $0.45/share

NileSat announces payout date of $0.45/share

ArabFinance:  The Egyptian Satellites (NileSat) will distribute annual cash dividends of $0.45 (EGP 7.06) per share on April 28th, according to the company’s April 5th statement filed to the Egyptian Exchange.

The company stated the dividend will be disbursed to the shareholders recorded on April 25th.

NileSat posted a net profit of  $34.15 million (EGP 535.53 million) in 2020, compared to $42.53 million (EGP 666.95) million in 2019.

NileSat is an Egypt-based public shareholding company that offers services related to satellite radio and television broadcasting, in addition to the broadband internet. The company has a booking center that provides a range of services including satellite newsgathering as well as feed and turnaround services, in addition to a training center.

At press time, the conversion rate is $1 = EGP 15.68


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