Arab Finance: Misr Chemical Industries Company (MICH) announced that it will distribute cash dividends worth EGP 3 per share to shareholders in two installments, according to a filing sent to the Egyptian Bourse on October 9th.
Worth EGP 1.5 per share, the first installment will be paid on October 26th, whereas the second installment, amounting to EGP 1.5 per share, will be disbursed on January 31st, 2024.
The eligibility in cash payment to shareholders will be on a record date of October 23rd.
Misr Chemical Industries owns a manufacturing plant that produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.