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Mak exits Arab Aluminum  

Mak exits Arab Aluminum  

ArabFinance: Mak Investment Holding sold its entire 335,536 shares in Arab Aluminum, which represented 5.93% of the latter’s capital, according to a January 13th disclosure.

The sale transaction was executed at EGP 25.22 per share or a total value of EGP 8.46 million.

Prime acted as the broker for this deal, the statement noted.

Public trading company Al Bida, meanwhile, increased its equity in Arab Aluminum to 5.529%, after purchasing 290,170 new shares.

The transaction stood at EGP 7.31 million in value.

Earlier this week, Al Bida entered the ownership structure of Arab Aluminum.

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