Egypt: Suez Cement increases dividend payout

Suez Cement, part of the Italcementi group, will pay a cash dividend of EGP2.65/share (US$0.38), it said in a statement published yesterday.

The company said it would make the payment in two phases. EGP1/share will be distributed in April, and the remainder of EGP1.65/share  in September.

Last year, Suez Cement paid a cash dividend of EGP1.65/share, according to Thomson Reuters data.