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Nilesat pays record dividend

Cairo-based Nilesat is paying shareholders a (US$) 50 cent dividend on each share held. The payment was approved at the company’s AGM on April 27th.

Nilesat recently reported net profits of $73.8 million for 2014, compared with $46.6 million for the previous year.  The company is capitalised at $186.6 million, distributed across 37.3 million shares at $5 par value each.

Major shareholders include state broadcaster, the Egyptian Radio & Television Union (40 per cent), and the Arab Organisation for Industrialisation (10 per cent), and the Egyptian Company for Investment Projects (9 per cent).  The rest is in public hands.

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