ArabFinance: Ferchem Masr for Fertilizers and Chemicals (FERC) will distribute cash dividends worth EGP 1.35 per share as of April 26th, according to the company’s statement filed to the Egyptian Exchange (EGX) on April 11th.

The record date for the eligibility in dividends distribution to shareholders has been set on April 19th.

This comes in accordance with the decisions of the company’s ordinary general meeting (OGM), which was held on March 30th.

It is worth noting that Ferchem Masr posted a net profit after tax of EGP 26.578 million in 2021, up from EGP 22.969 million in 2020.

Founded in 2001 as a leading joint-stock company, Ferchem Masr is specialized in the blended phosphate fertilizer industry and soluble fertilizers.