ArabFinance: The ordinary general meeting (OGM) of Ezz Steel (ESRS), which was held on April 20th, has approved the board of directors’ proposal to distribute cash dividends worth EGP 0.8 per share to shareholders for the full year 2021, according to a statement filed to the Egyptian Exchange (EGX) on April 21th.

It is worth noting that the company turned to profitability in 2021, with a consolidated net profit attributable to the parent company of EGP 3.52 billion in 2021, versus a net loss of EGP 4.68 billion in 2020.

Ezz Steel is an Egypt-based manufacturer and trader of steel and related products. Together with its subsidiaries, the company is engaged in the manufacture, trade, and distribution of iron and steel products of all kinds and associated services.