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Al Ahly Capital trims stake in AMOC for EGP 24m

Al Ahly Capital trims stake in AMOC for EGP 24m
The transaction involved the sale of 8.21 million shares
AMOC
AMOC
0.49% 4.07 0.02

Cairo – Mubasher: Al Ahly Capital Holding Company reduced its stake in Alexandria Mineral Oils Co (AMOC) to 23.82% from 24.46%.

The transaction involved the sale of 8.21 million shares at a value of EGP 23.78 million, averaging EGP 2.89 per share, according to a bourse disclosure on Thursday.

Pharos Securities acted as a broker in this transaction.

During the first nine months of fiscal year (FY) 2020/2021, AMOC turned to net profits of EGP 103.31 million, against net losses of EGP 152.48 million in the year-ago period.