Cairo – Mubasher: Rowad Tourism announced purchasing 204,000 shares in Lecico Egypt for a total value of EGP 1.97 million or an average price of EGP 9.69 per share.
Hence, Rowad Tourism’s stake in Lecico Egypt rose to 5.49% from 4.79%, according to a stock exchange statement on Thursday.
Cairo Capital Securities acted as a broker in the transaction.
It is worthy to mention that during the period from January to June 2022, Lecico Egypt incurred net losses of EGP 24.46 million, up from net losses of EGP 18.38 million in the same period in 2021, including minority shareholders’ rights.
