Ferchem Misr sets due date of cash dividends
Updated 4/8/2020 10:01:00 AM
ArabFinance: Ferchem Misr for Fertilizers & Chemicals (FERC) announced distributing a cash dividend of EGP 2.5 per share on April 27th, according to a statement sent to the Egyptian exchange.
The shareholders were recorded on April 22nd, are entitled to cash dividends, the company said.
On March 29th, the ordinary 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 fertilizer industry Phosphate and soluble fertilizers were added to help support the 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.
