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Sum Investments plans to expand ownership base

Sum Investments plans to expand ownership base
The Egyptian Exchange (Photo credit: Mubasher)
Prime Holding
PRMH
-1.24% 0.73 -0.01

Cairo – Mubasher: Sum Investments Company said Monday that it plans to expand its ownership base via raising the company’s capital and attracting new value-added investors on both strategic and operational levels.

Last Thursday, Sum Investments had raised its stake in Prime Holding from 22.89% to 26%.

Sum added that it seeks to work alongside Prime Holding’s board of directors to consider expansion plans in local and regional markets, according to a bourse filing.

Prime Holding’s stock rose on Sunday by 1.87% to EGP 4.91.