Cairo – Mubasher: Ghabbour Auto (GB Auto) said Thursday that it has started the sale of 26.5 million treasury stocks (2.4% of its capital) starting from Thursday until 23 March.
The offered stocks are owned by Almora Resources, a fully owned subsidiary of GB Auto, according to a bourse filing.
The company set the stock price at EGP 2.9.
GB Auto’s stock closed Wednesday’s trading with a decrease of 3.15% to EGP 3.07.
