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Investor increases his stake in Vertika to 5%

Investor increases his stake in Vertika to 5%

ArabFinance: Vertika for Industry (VERT) stated its shareholder Ibrahim Khaliel increased his stake in the company's share capital, according to May 5th disclosure filed to the Egyptian Exchange. 

Khaliel's stake in the company's capital has increased from 4.81% to 5.037%. 

It is worth mentioning that the deal amount is EGP 9,586 at an average price of EGP 1.74 per share.

The company posted a net profit of EGP 864,095 in 2019, compared to the net profit of EGP 582,087 in 2018.

Founded in 2005 and listed in 2013, Vertika operates within the Software and Services sector focusing on Internet Software and Services.

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