Egypt’s Arab Cotton Ginning cuts stake in B Investments

Egypt’s Arab Cotton Ginning cuts stake in B Investments

Egypt's Arab Cotton Ginning cuts stake in B Investments The company sold 2.87 million shares    Cairo - Arab Cotton Ginning reduced its stake in B Investments Holdings to 5.12% from 6.92%.The company sold 2.87 million shares for a value of EGP 32.31 million, averaging EGP 11.25 per share, according to a statement to the Egyptian Exchange (EGX) on Sunday.During the first six months of 2020, B Investments Holdings logged net profits of EGP 122.93 million, up from EGP 105.3 million in the year-ago period, including minority shareholders' rights.Source: MubasherAll Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).Zawya CoverageomanOman drafts new dress code for visitors to malls; heavy fine for violatorsacquisitionAbu Dhabi-backed ADQ now owns 22.25% stake in logistics firm Aramexislamic financeUAE's Tabreed