AMOC’s OGM approves EGP 0.55/share dividends payment
Updated 9/25/2022 9:59:55 AM
Arab Finance: The ordinary general meeting (OGM) of Alexandria Mineral Oils Company (AMOC) endorsed the distribution of cash dividends to shareholders at a total value of EGP 710.325 million, equivalent to EGP 0.55 per share, according to a statement published on September 25th.
The dividends will be paid in two installments, with the eligibility to shareholders on a record date of October 17th.
The first installment, worth EGP 387.450 million or EGP 0.30 per share, will be disbursed on October 20th, while the second installment, worth EGP 322.875 million or EGP 0.25 per share, will be paid on February 22nd 2023.
On August 21st, AMOC’s board of directors recommended the distribution of cash dividends worth EGP 0.45 per share for fiscal year (FY) 2021/2022.
It is worth noting that AMOC posted a consolidated net profit after tax of EGP 1.226 billion in FY 2021/2022, rising by 146% year-on-year (YoY).
AMOC is an Egypt-based company that operates in the petroleum industry. The company specializes in the production of essential mineral oils, paraffin wax and its derivatives, naphtha, and butane, as well as distributes and markets them in Egypt and abroad.
