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 31^st.

The company will distribute on April 20^th 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 15^th.

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.