Cairo – Mubasher: The Egyptian Exchange (EGX) announced that Prime Holding witnessed a block-trading deal worth EGP 105.82 million on Sunday.
The transaction involved 89.68 million shares, according to a bourse statement.
In a separate disclosure, Prime Holding said that Sameem Financial Investments reduced its stake to 0.00001% from 25.62% after selling 89.68 million shares at an average price of EGP 1.18 per share.
Rafik Al-Fahd Al-Tarzi purchased a 2.8% stake for EGP 11.57 million, while Sameem Capital bought a 2.28% stake for EGP 9.42 million.
During the first half (H1) of 2020, the company incurred net losses of EGP 13.78 million, against net profits of EGP 4.46 million in the year-ago period, including minority shareholders’ rights.
