Advanced Television

Nilesat pays record dividend

April 29, 2015

By Chris Forrester

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.

Categories: Articles, Business, DTH/Satellite