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EGX releases reminder of Telecom Egypt’s dividend payment date

EGX releases reminder of Telecom Egypt’s dividend payment date

ArabFinance: The Egyptian Exchange said that today, April 25th, is the record date for Telecom Egypt’s (ETEL) annual cash dividends, according to a reminder statement released on April 13th

The company will distribute on April 28th cash dividends of EGP 0.750 per share, the statement highlighted.

Telecom Egypt signed a memorandum of understanding with Sudatel Telecom Group to enhance cooperation in the international connectivity between Egypt and Sudan.

The telecom provider achieved a consolidated net profit of EGP 4.58 billion in 2020, compared to EGP 4.39 billion in 2019.

Telecom Egypt is an Egypt-based joint-stock company, which is engaged in the provision of public communications and associated products and services.

The company operates under the following segments: communications, marine cables, and infrastructure; internet services, as well as outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services.

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