Cairo – Hassan Allam Properties raised its stake in Six of October Development and Investment (SODIC) to 5% from 4.91%.
The transaction involved the purchase of 310,000 shares at a value of EGP 4.8 million, averaging EGP 15.5 per share, according to a statement to the Egyptian Exchange (EGX) on Wednesday.
EFG Hermes Securities Brokerage acted as a broker on the transaction.
During the first nine months of 2020, SODIC reported net profits of EGP 537.84 million, compared to EGP 506.09 million in the year-ago period, including minority shareholders’ rights.
Source: Mubasher
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