ArabFinance: Arab Moltaka Investments Company (AMIC) cut its stake in Arab Engineering Industries (EEII) from 33.31% to 27.01%, according to the company's October 18thstatement.
AMIC sold 10,500,000 shares at EGP 1.059 per each, with a total amount of EGP 11,127,608. Arab Engineering split its share' par value to be EGP 0.375 from EGP 3.75 on September 22nd.
AMIC earlier sold more than other 14.32 million shares in EEII at a value of EGP 1.07 per each.
Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.
Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
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.
