Shareholder raises stake in Golden Coast El Sokhna

The shareholder’s ownership accordingly increased to 5.03% from 4.68%

Staff Writer, Mubasher

October 4, 2022

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Cairo – Shareholder Mahmoud Hassan Gaballah Hassan has purchased 600,000 shares in Golden Coast El Sokhna for Touristic Investment at a total value of EGP 211,548, equivalent to an average price of EGP 0.35 per share.

The shareholder’s ownership accordingly increased to 5.03% from 4.68%, according to a bourse statement on Monday.

Royal Securities Brokerage acted as a broker in the transaction.

In 2021, Golden Coast El Sokhna logged net earnings of EGP 3.90 million, compared to EGP 7.18 million in 2020.

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