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Rolaco EGB Investment raises stake in B Investments to 5%

Rolaco EGB Investment raises stake in B Investments to 5%
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B Investments Holdings
BINV
-0.44% 22.50 -0.10

Cairo – Mubasher: Rolaco EGB Investment increased its equity ownership in B Investments Holding to 5.01% from 4.67%, according to a bourse filing.

Rolaco EGB Investment purchased 550,000 shares in the EGX-listed firm for EGP 11.27 million, at an average price of EGP 20.49 per share.

Meanwhile, EFG Hermes was the broker for the transaction that was concluded on 29 January 2023.

In the first nine months (9M) of 2022, B Investments reported consolidated net profits after tax worth EGP 998.92 million, an annual leap from EGP 72.92 million, including non-controlling interests.

Revenues hiked to EGP 1.32 billion in 9M-22 from EGP 112.08 million in 9M-21, while the basic and diluted earnings per share (EPS) jumped to EGP 4.04 from EGP 0.46.