Sum Investments plans to expand ownership base

Cairo – Mubasher: Sum Investments Company said Monday that it plans to expand its ownership base via raising the company’s capital and attracting new value-added investors on both strategic and operational levels.

Last Thursday, Sum Investments had raised its stake in Prime Holding from 22.89% to 26%.

Sum added that it seeks to work alongside Prime Holding’s board of directors to consider expansion plans in local and regional markets, according to a bourse filing.

Prime Holding’s stock rose on Sunday by 1.87% to EGP 4.91.

Mubasher Contribution Time: 22-May-2017 09:25 (GMT)
Mubasher Last Update Time: 22-May-2017 10:00 (GMT)