Arab Cotton Ginning's shareholder raises stake to 5.1%

Sherif kerolus increased his stake from 4.26% to 5.1%

ArabFinance: Arab Cotton Ginning Company said a shareholder named Sherif kerolus increased his stake from 4.26% to 5.1%, according to the company's December 6th disclosure.

kerolus purchased 2.263 million shares at EGP 6.773 million.

The company reported a standalone net loss stood at EGP 3.330 million in the July-September 2020, a 53% decline from EGP 7.019 million incurred in the prior-year period.

ACGC is an Egypt-based company active in the textiles and clothing industry sector. The company is engaged in the cotton ginning, as well as trading of its products domestically and internationally.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities