ArabFinance: Arab Aluminum (ALUM) said MAK Holding for Industry sold its entire ownership for a total value of EGP 12.01 million in a September 28th transaction, according to a disclosure to the Egyptian Exchange.
MAK Industry sold 498,194 shares for a value of EGP 24.12 each, exiting its 8.81% equity, the statement added.
Prime Securities acted as the broker for this transaction.
It is worth noting that Arab Aluminum posted an 8.7% Year on Year decrease in its net profit during the first half of 2020.