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EGX releases reminder of Arab Aluminum's dividend payment date

EGX releases reminder of Arab Aluminum's dividend payment date

ArabFinance: The Egyptian Exchange said that today is the record date for Arab Aluminum Company’s (AAC) (ALUM) annual cash dividends, according to a reminder statement released on March 31st.

The company will distribute on April 20th cash dividends of EGP 1.50 per share, the statement highlighted.

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

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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