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Ezz Steel distributes 467.7 million EGP to shareholders

The public assembly of the Ezz Company agreed to the distribution of the interest from the financial year, ending on December 31, 2010.
28.09.11 | Source: Youm7

Ezz el-Dekhela Company for Steel in Alexandria distributed 467.7 million EGP (U.S. $78.38 million) to its shareholders, equaling 35 EGP (U.S. $5.86) per share.

The source company paid 1.34 billion EGP (U.S. $223 million) over a distribution of 13.36 million shares, valued at 100 EGP (U.S. $16.76) per share.

The public assembly of the Ezz Company agreed to the distribution of the interest from the financial year, ending on December 31, 2010.

The assembly decided to raise the value of the distribution from 334.1 million EGP (U.S. $55.5 million) to 467.7 million EGP (U.S. $78.4 million), rejecting an earlier proposal from the administration council.

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