Misr Chemical Industries’ OGM nods to EGP 1.5/share dividends payment
Updated 9/29/2022 11:55:00 AM
Arab Finance: The ordinary general meeting (OGM) of Misr Chemical Industries Company (MICH) has approved the distribution of cash dividends worth EGP 1.5 per share to shareholders for fiscal year (FY) 2021/2022, according to a statement on September 29th.
The value of dividends has been amended from the board of directors’ proposal of EGP 1.4 per share.
The dividends will be paid in two installments worth EGP 0.75 per share equally; the first to be paid on October 27th and the second to be disbursed on December 29th.
On September 1st, Misr Chemical Industries’ board agreed to the payment of cash dividends of EGP 1.40 per share for FY 2021/2022.
Misr Chemical Industries owns a manufacturing plant that produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.
