Board of Directors Recommends the Approval of a Dividend Distribution
07 July, 2022
Orascom Construction PLC (NASDAQ Dubai: OC; EGX: ORAS) announces that the Board of Directors recommends to shareholders the approval of a dividend of USD 0.2313 per share to be paid on August 24.
Shareholders will be asked to confirm the dividend distribution at an Extraordinary General Meeting (EGM) to be held online on August 1.
The Company shall pay the dividend in U.S. dollars to shareholders holding shares on Nasdaq Dubai and in Egyptian Pounds to shareholders holding shares on the Egyptian Exchange at the record date. The latter will be based on the USD/EGP sell exchange rate announced by the Central Bank of Egypt on the date of the EGM. The proposed record date for the dividend is August 17.
This dividend marks the fifth consecutive year of dividend distributions by the Group.
Please visit the corporate website, www.orascom.com, to view all EGM documents.
Orascom Construction Ltd. published this content on 07 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2022 05:13:01 UTC.