Cairo – Mubasher: Economic Group said Thursday that Sum Investments Company has increased its ownership in Prime Holding Company from 10.10% to 19.99%.
Sum Investments has bought 7.2 million shares from Egyptian Gulf Holding for Financial Investments at a price of EGP 5 per share, totalling EGP 36 million, according to a bourse filing.
Thus, Egyptian Gulf Holding’s stake in Prime decreased from 22.84% to 12.96%.
Prime’s stock rose on Wednesday by 0.85% to EGP 4.75.
