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EMPC to takeover NBE's stake in Arabian Hospitality Co.

EMPC to takeover NBE's stake in Arabian Hospitality Co.

ArabFinance: Egyptian Media Production City (EMPC(MPRC) Board of Directors (BoD) ratified to buy National Bank of Egypt's (NBE) stake in Arabian Hospitality Co. at EGP 115/share.

NBE owns 332,000 shares, representing 17.140%, of Arabian Hospitality Co. After the acquisition, the EMPC stake will reach 27.982% of Arabian Hospitality.

 

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04 Oct 2021
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