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.