NileSat declares payout date of investors profits
The Egyptian Satellites (Nilesat) will convey yearly money profits of USD 0.45 (EGP 7.06) per share on April 28, as per the organization’s April 5 statement filed to the Egyptian Exchange.
Nilesat announced that the dividend would be doled out to the shareholders recorded on April 25. NileSat posted a net benefit of USD 34.15 million (EGP 535.53 million) in 2020, contrasted with USD 42.53 million (EGP 666.95 million) out of 2019.
At press time, the conversion rate is USD 1 is EGP 15.68.
NileSat is an Egypt-based public shareholding organization that offers administrations identified with satellite radio, television broadcasting and broadband internet. The organization has a booking community that gives a wide range of services, including satellite data procurement and analysis, all through the African and Middle Eastern areas.