NileSat announces payout date of dividends

Updated 3/27/2023 9:14:00 AM
NileSat announces payout date of dividends

Arab Finance: The Egyptian Satellites Company (NileSat) will distribute cash dividends of $0.45 per share for 2022 on April 13th, according to a statement filed to the Egyptian Exchange (EGX) on March 27th.

The company stated the dividends will be disbursed to the shareholders registered until the trading session of April 10th.

It is worth mentioning that the company achieved net profits of $38.96 million in 2022, up by 26.7% year-on-year (YoY) from $30.75 million.

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.

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