ArabFinance: Arab Aluminum Company (AAC) (ALUM) announced that its ordinary general meeting (OGM) has approved the cash dividend distribution proposal for 2021 earnings, according to a statement filed to the Egyptian Exchange (EGX).

Accordingly, the company shall distribute cash dividends worth EGP 1.75 per share to shareholders.

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.