Egypt: NileSat unveils $0.55/share dividends for 2024
Arab Finance: Egyptian Satellites (NileSat) unveiled cash dividends valued at $0.550 to shareholders for 2024, as per a bourse filing.
NileSat will disburse the dividends on May 8th,2025.
The company generated net profits worth $57.681 million in 2024, higher by 31.83% year-on-year (YoY) than $43.754 million.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
3 hours ago
- Al Etihad
TRENDS appoints official English and French language spokespersons to enhance its global presence
19 June 2025 14:38 ABU DHABI (ALETIHAD)TRENDS Research & Advisory has announced the appointment of official spokespersons in English and French, marking a new step that reflects its strategic vision to strengthen its institutional and media presence on the international Elyazia Al-Hosani, Deputy Head of the Media Sector, has been appointed as the official spokesperson for the English language. Researcher Sheikha Al-Nuaimi will serve as the official spokesperson for the French move is part of TRENDS' broader efforts to expand its communication with research, academic, and media institutions across the region and the world. It reflects TRENDS' commitment to strengthening its global outreach and solidifying its role as a leading Arab and international think Mohammed Abdullah Al-Ali, CEO of TRENDS Research & Advisory, stated that the appointments are part of a comprehensive plan to enhance the organisation's international communication efforts. 'Appointing official spokespersons in key global languages reflects TRENDS' ambition to build bridges of knowledge and dialogue with diverse cultures and intellectual communities,' he said. 'It also supports our mission to share our research message globally and reaffirms our commitment to empowering young national talents by giving them opportunities to represent TRENDS on the international stage.'Elyazia Al-Hosani expressed her pride in the trust placed in her, stating that this new role provides added motivation to work harder in conveying TRENDS' message to a wider English-speaking audience and strengthening ties with international institutions and partners in support of the Centre's objectives and future Al-Nuaimi said she was honoured by the appointment, describing it as a great responsibility and a valuable opportunity to present a positive image of TRENDS' role in the Francophone world. She emphasised the importance of fostering collaboration with French-speaking academic, intellectual, and media institutions in line with TRENDS' position and scholarly mission. TRENDS Research & Advisory also announced yesterday the appointment of researcher Saqr Al-Suwaidi as its official Arabic-language spokesperson as part of its ongoing efforts to enhance institutional and media communications at the local, regional, and international levels.
Middle East Eye
12 hours ago
- Middle East Eye
PA prime minister asks Arab League for financial support as Israel continues to withold $2.2bn
Palestinian Authority Prime Minister Mohammad Mustafa asked the Arab League for financial support since the Israeli government is withholding approximately $2.2bn in Palestinian tax revenues, Wafa news agency reported on Wednesday. Mustafa told the secretary general of the Arab League, Ahmed Aboul Gheit, that their support is essential to enable the Palestinian government to fulfil its obligations, including paying salaries and allowances to more than 170,000 beneficiaries and supporting more than 150,000 families receiving social assistance. Israel has been withholding tax revenues under various pretexts since 2019. The tax revenues represent duties imposed on goods imported into Palestine either via Israel or through Israeli crossings. Mustafa underscored the importance of international and Arab support in pressuring the Israeli government to release the $2.2 bn in tax revenues, also referred to as clearance funds. The Palestinian government says the withholding of the funds has put it under severe strain, preventing it from fulfilling its obligations to provide essential services in key sectors such as health, education, social protection, and security. Gheit says he will coordinate with Arab and European countries, as well as the United States, to exert pressure on Israel to release the withheld funds to Palestinians. The Palestinian economy has been thrown into further jeopardy since last Tuesday, when Finance Minister Bezalel Smotrich directed his office to cancel a critical policy for sustaining the Palestinian economy in retaliation for the decision by five countries to sanction him and fellow far-right minister, Itamar Ben Gvir.
Web Release
2 days ago
- Web Release
Arab Bank 'Best Bank in the Middle East 2025'
Arab Bank recently received the 'Best Bank in the Middle East 2025' award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector. This global recognition was made by the editors of Global Finance after extensive consultations with corporate financial executives, banking consultants, and analysts throughout the world. Global Finance considered several factors when selecting top banks, including asset growth, profitability, geographical coverage, strategic alliances, product innovation, and market expansion endeavors. The evaluation criteria also included the opinions of equity analysts, credit rating analysts, banking consultants, and industry participants. Global Finance Awards cover more than 150 countries, territories and districts across Africa, Asia-Pacific, the Caribbean, Central America, Central and Eastern Europe, Latin America, the Middle East, North America, and Western Europe. Commenting on this recognition, Ms. Randa Sadik, Arab Bank's Chief Executive Officer, said: 'This global recognition affirms the vision and commitments embedded in our refreshed brand identity—where each milestone drives us toward even greater aspirations. It reflects our unwavering commitment to customer-centricity, innovation, and agility, all underpinned by our core philosophy which revolves around building lasting connections. She added: 'This award not only highlights the bank's leading position in the financial sector, locally and regionally, but also reinforces our constant dedication to delivering excellence. As we continue to evolve, we remain focused on empowering our customers and communities to thrive in an increasingly dynamic world.' It is worth mentioning that The Banker Magazine, owned by the Financial Times and based in London, has also named Arab Bank as Bank of the Year in the Middle East for 2024. Arab Bank, headquartered in Amman – Jordan, was established in 1930 and has one of the largest global Arab banking networks with over 600 branches. Arab Bank's extensive network covers key financial markets and centers such as London, Singapore, Shanghai, Geneva, Paris, Sydney, Dubai, and Manama.
