Egypt's Sidi Kerir to pay dividend of LE1.65 per share

Shareholders at Egypt's Sidi Kerir Petrochemicals have approved a dividend of LE1.65 ($0.22) per share on its 2014 earnings, with distribution in two installments, the company said on Sunday.

Sidi Kerir posted annual net profits of LE996.6 million for the year ended in December, down from LE1.3 billion the previous year.

A company statement on the Cairo bourse said LE1.25 per share would be distributed within a month of the approval and the remainder distributed in July.