• Pharos has declared an interim dividend of 0.33 p per share for 2023 payable in January. The interim dividend represents ~33% of the final dividend of the previous year. This is in line with the dividend policy and our expectations. • The company is also looking to commit a further US$3 mm to share buybacks in 2024 which will provide additional support to the share price. • In Egypt, the carry by IPR is expected to last until 1Q24. Within the current context, the receivables are expected to re ....