Ferchem Misr ratifies cash dividends for 2019
Updated 3/30/2020 2:25:12 PM
ArabFinance: Ferchem Misr for Fertilizers & Chemicals (FERC) decided to distribute dividends of EGP 2.5 per share totaling EGP 43,875,000.
On March 29th, the general meeting approved the board of directors’ annual report and the profit distribution for 2019.
The extraordinary general meeting ratified amending article no. 4 of the company’s Articles of Association.
The company posted net profits of EGP 25,687,864 in 2019, compared to net profits of EGP 19,836,432 achieved a year earlier.
Ferchem MASR for Fertilizers and Chemicals was founded in 2001 as a leading joint stock company specialized in blended fertilizers industry Phosphate and soluble fertilizers were added to help support fertilizers industry, agriculture and develop this industry in Egypt.
The factories and administration of the company are located in El-Sadat City, Menofia Governorate, on a plot of (33.125) m2.
