Canal Shipping Agencies’ OGM nods to dividends payment for FY 2021/2022

Updated 11/27/2022 11:17:09 AM

Arab Finance: The ordinary general meeting (OGM) of Canal Shipping Agencies (CSAG) endorsed the payment of cash dividends worth EGP 0.7858180234 per share to shareholders for fiscal year (FY) 2021/2022, according to a statement issued on November 27th.

In FY 2021/2022, the company recorded a net profit after tax of EGP 185.54 million, compared to EGP 200.192 million in FY 2020/2021.

Canal Shipping is a subsidiary of the Holding Company for Maritime and Land Transport that provides marine port services and shipping services to international commercial fleets.