ArabFinance: Ferchem Masr for Fertilizers and Chemicals (FERC) will distribute cash dividends of EGP 1 per share on April 28th, according to the company’s filing to the Egyptian Exchange on April 7th.
The company stated the dividend will be disbursed to the shareholders recorded on April 25th.
The listed company posted a net profit of EGP 22.96 million in 2020, compared to EGP 25.68 million in 2019.
Founded in 2001 as a leading joint-stock company, Ferchem Masr is specialized in the blended phosphate fertilizer industry and soluble fertilizers were added later to support the industry.