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Rimco Investments raises stake in Suez Cement to 9.1%

Rimco Investments raises stake in Suez Cement to 9.1%
The total value of the deal stood at EGP 3.79 million
Suez Cement
SUCE
-22.22% 28.00 -8.00
Beltone Holding
BTFH
-0.69% 2.89 -0.02

Cairo – Mubasher: Beltone Financial Holding announced that Rimco Investments has increased its stake in Suez Cement to 9.113% from 8.852%.

Rimco Investments has purchased around 474,000 shares in the cement producer, according to a statement to the Egyptian Exchange (EGX) on Wednesday.

The total value of the deal stood at EGP 3.79 million at an average price of EGP 8 per share.