Shareholder raises stake in Ehypt's Mansourah Poultry

As a result, the shareholder’s stake in the company has been raised to 5.814% from 4.326%

  
Traders work at the Egyptian stock exchange in Cairo.

Traders work at the Egyptian stock exchange in Cairo.

REUTERS/Mohamed Abd El Ghany
 

Egypt - Mansourah Poultry (MPCO) announced that its shareholder Saif Mahomud Hassan Gab Allan has purchased 6.04 million shares in the company, according to a filingto the Egyptian Exchange (EGX).

As a result, the shareholder’s stake in the company has been raised to 5.814% from 4.326%.

The total value of the transaction amounted to EGP 9.50 million, equivalent to EGP 1.52 per share.

Mansoura Poultry is an Egypt-based public shareholding company specialized in poultry farming and its related activities. The firm produces poultry products for breeding purposes for the production of hatching eggs and day-old chicks.

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