{"id":545756,"date":"2022-04-11T04:01:23","date_gmt":"2022-04-11T04:01:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/"},"modified":"2022-04-11T04:01:23","modified_gmt":"2022-04-11T04:01:23","slug":"ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/","title":{"rendered":"EKH to pay holders of EGP-denominated shares a USD dividend for the first time"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>THIS IS A FIRST- Shareholders of EGX-listed EK Holding will receive <\/strong><strong>dividends in USD<\/strong> \u2014 regardless of whether they hold USD- or EGP-denominated shares. The company last summer offered shareholders the chance to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c98a074a-4eca-44c7-9524-feb16a03d1da\">convert holdings of EKH shares denominated in USD into newly created EGP shares<\/a>.<\/p>\n<p><strong>How much is the divy? <\/strong><a href=\"https:\/\/ent.news\/2022\/4\/EKH_dividend_2022.pdf\">The 7-cent per-share dividend (pdf)<\/a> is payable on Thursday, 21 April to folks who hold EKH shares as of Monday, 18 April.<\/p>\n<p><strong>BACKGROUND- <\/strong>The company previously traded only in USD (and so paid dividends in USD to holders of USD-denominated shares). EK said it made its shares convertible between USD and EGP to attract investors who may have liked the investment company\u2019s turnaround story, but who had been turned off by the logistics of trading a stock that only changed hands in USD. When the 2021 dividend is paid out next week, EKH will have distributed a dividend every year since 2007, with 11 of those divvies now being in cash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THIS IS A FIRST- Shareholders of EGX-listed EK Holding will receive dividends in USD \u2014 regardless of whether they hold USD- or EGP-denominated shares. The company last summer offered shareholders the chance to convert holdings of EKH shares denominated in USD into newly created EGP shares. How much is the divy? The 7-cent per-share dividend [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7303],"tags":[102,68,1668,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545756","post","type-post","status-publish","format-standard","hentry","category-capital-markets","tag-capital-markets","tag-egx","tag-egypt-kuwait-holding","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"5022cc76-c74a-4892-ace3-a4db72537b5a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[545744],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EKH to pay holders of EGP-denominated shares a USD dividend for the first time - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EKH to pay holders of EGP-denominated shares a USD dividend for the first time\" \/>\n<meta property=\"og:description\" content=\"THIS IS A FIRST- Shareholders of EGX-listed EK Holding will receive dividends in USD \u2014 regardless of whether they hold USD- or EGP-denominated shares. The company last summer offered shareholders the chance to convert holdings of EKH shares denominated in USD into newly created EGP shares. How much is the divy? The 7-cent per-share dividend [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-11T04:01:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EKH to pay holders of EGP-denominated shares a USD dividend for the first time\",\"datePublished\":\"2022-04-11T04:01:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/\"},\"wordCount\":171,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"capital markets\",\"EGX\",\"Egypt Kuwait Holding\",\"EnterpriseAM\"],\"articleSection\":[\"Capital markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/\",\"name\":\"EKH to pay holders of EGP-denominated shares a USD dividend for the first time - 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The company last summer offered shareholders the chance to convert holdings of EKH shares denominated in USD into newly created EGP shares. How much is the divy? The 7-cent per-share dividend [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-04-11T04:01:23+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EKH to pay holders of EGP-denominated shares a USD dividend for the first time","datePublished":"2022-04-11T04:01:23+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/"},"wordCount":171,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["capital markets","EGX","Egypt Kuwait Holding","EnterpriseAM"],"articleSection":["Capital markets"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/","name":"EKH to pay holders of EGP-denominated shares a USD dividend for the first time - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2022-04-11T04:01:23+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/ekh-to-pay-holders-of-egp-denominated-shares-a-usd-dividend-for-the-first-time\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EKH to pay holders of EGP-denominated shares a USD dividend for the first time"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":563016,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/an-egp-share-with-usd-dividends\/","url_meta":{"origin":545756,"position":0},"title":"An EGP share with USD dividends?","author":"enterpriseam admin","date":"15 June 2021","format":false,"excerpt":"Egypt Kuwait Holding (EKH) stockholders can now apply to convert the trading currency of their shares to EGP from USD, the company announced in a bourse disclosure (pdf) yesterday. The window is open for the next three months and could be interesting to folks who have followed the compelling turnaround\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/202.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557993,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/16\/trading-on-ekh-shares-converted-to-egp-from-usd-to-begin-on-sunday\/","url_meta":{"origin":545756,"position":1},"title":"Trading on EKH shares converted to EGP from USD to begin on Sunday","author":"enterpriseam admin","date":"16 September 2021","format":false,"excerpt":"Trading on EKH shares converted to EGP from USD to begin on Sunday: EK Holding shareholders who converted the trading currency of their shares to EGP from USD (while still being allowed to collect their dividends in USD) can begin trading on these converted shares on the EGX starting on\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":610037,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/14\/orascom-development-egypt-and-ekh-release-3q-figures\/","url_meta":{"origin":545756,"position":2},"title":"Orascom Development Egypt and EKH release 3Q figures","author":"enterpriseam admin","date":"14 November 2023","format":false,"excerpt":"ODE had a strong quarter, backed by record sales: EGX-listed Orascom Development Egypt (ODE) saw its net income rise 53% from the year before in 3Q 2023, reporting a top line of more than EGP 1 bn, according to an earnings release (pdf) out yesterday. The property developer logged its\u2026","rel":"","context":"In &quot;EARNINGS WATCH-&quot;","block_context":{"text":"EARNINGS WATCH-","link":"https:\/\/enterpriseam.com\/egypt\/category\/earnings-watch-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584662,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/03\/what-the-markets-are-doing-on-3-april-2023\/","url_meta":{"origin":545756,"position":3},"title":"What the markets are doing on 3 April, 2023","author":"enterpriseam admin","date":"3 April 2023","format":false,"excerpt":"MARKET NEWS-Ezz Steel\u2019s net income rose 23.2% y-o-y to EGP 6.6 bn in 2022, according to an EGXdisclosure(pdf). The company\u2019s revenues, meanwhile, rose 23.8% y-o-y to EGP 84.0 bn.OFH to carry out capital reduction: Orascom Financial Holding\u2019s (OFH) board of directors has agreed to reduce the company\u2019s share capital to\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599342,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/orascom-construction-approves-usd-0-30-share-dividend-payment\/","url_meta":{"origin":545756,"position":4},"title":"Orascom Construction approves USD 0.30\/share dividend payment","author":"enterpriseam admin","date":"25 June 2019","format":false,"excerpt":"Orascom Construction\u2019s board of directors approved on Sunday a dividend payout of USD 0.30 per share, according to a company statement (pdf). Shareholders holding shares on Nasdaq Dubai will receive the payment in USD, while those holding shares on the EGX will receive the payment in EGP equivalent. The dividends\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649528,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/earnings-watch-edita-ek-holdings\/","url_meta":{"origin":545756,"position":5},"title":"Earnings watch: Edita, EK Holdings","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"** EARNINGS WATCH- Edita announced net profit of EGP 47.4 mn in 2016, down 86.4% y-o-y even though revenues increased by 12.5% y-o-y to EGP 2.5 bn. Edita posted a very strong top line performance in the fourth quarter despite widespread expectation of a pullback in consumer spending on the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545756"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545756\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545744"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545756"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545756"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}