Cairo – Mubasher: The Ordinary General Assembly of Iron and Steel for Mines and Quarries Company approved the (amended) profit distribution list for the fiscal year 2025/2026, which included a dividend distribution to shareholders of 35 piasters per share.
The company explained in a statement to the Egyptian Exchange today that the General Assembly ratified the financial statements for the fiscal year ending on June 30, 2026, with a net profit of EGP 400.2 million.
The distribution list indicated that the total shareholders' share amounted to EGP 341.9 million, distributed as EGP 282 million for the holding company (including the 4% percentage of Law No. 154 of 2026), and EGP 59.9 million for the remaining shareholders.
The Assembly approved the company's contribution to the employees' private insurance fund with an amount of EGP 15 million during the fiscal year, in addition to approving the disbursement of the periodic allowance prescribed for employees on July 1, 2026, at a rate of 100%.
The Assembly emphasized the necessity of the company's commitment to preparing a business strategy compliant with Egypt's Vision 2030, alongside adherence to applying international standards for quality, occupational safety, and health.
