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Midfert Egypt acquires 1.9% stake in International Agricultural Products

Midfert Egypt acquires 1.9% stake in International Agricultural Products
Midfert bought 1.67 million of IAP’s shares

Cairo – Mubasher: Pharos Securities has announced that Midfert Egypt for Investment acquired a 1.98% stake in International Agricultural Products in International Agricultural Products (IAP).

Midfert bought 1.67 million of IAP’s shares in consideration of EGP 5.67 million, according to a company statement released on Wednesday.

International Agricultural Products’ net profit went up EGP 4.96 million in 2018, compared to EGP 4.48 million a year earlier.