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.

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