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Shareholder cuts stake in Rowad Tourism

Shareholder cuts stake in Rowad Tourism

ArabFinanceRowad Tourism (Al Rowad) (ROTO) said its shareholder Ahmed Mohamed Nabih Hassanen sold 433,000 shares in the company at an average price of EGP 52.168 per share, according to a filing to the Egyptian Exchange (EGX).

As a result, Hassanen’s stake in the company fell to 9.39% from 11.89%.

The total value of the shares’ sale transaction amounted to EGP 22.58 million.

Rowad is an Egypt-based public shareholding company that operates in the tourism industry.

 

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