Saudi Arabia - Alinma Investments has raised its stake in Ajwa Group for Food Industries - Egypt to 5.49% from 4.55%.
The Saudi investment firm bought around 943,200 shares in Ajwa at a total value of EGP 2.7 million, or EGP 2.87 per share, according to a filing to the Egyptian Exchange (EGX) on Tuesday.
Mubasher International for securities acted as the manager for the transaction.
Ajwa’s capital amounts to EGP 200.9 million distributed over 100.4 million shares at a par value of EGP 2 per share.
The Egyptian food company logged EGP 29.83 million in net profit for the first half of this year, versus EGP 6.14 million in the same six-month period of 2017.
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