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Oriental Weavers Carpet sees EGP 300m block deal

Oriental Weavers Carpet sees EGP 300m block deal
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Oriental Weavers
ORWE
0.64% 23.55 0.15

Cairo – Mubasher: The Egyptian Exchange (EGX) has announced an EGP 300.213 million trading block deal on the shares of Oriental Weavers Carpet.

The block deal was implemented on 37.063 million of the company's shares, according to a bourse filing on Thursday.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company recorded consolidated net profits of EGP 960.24 million, a surge of 57.9% year-on-year (YoY) from EGP 607.904 million, including minority shareholders' rights.