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Shareholder increases stake in United Arab Stevedoring

Shareholder increases stake in United Arab Stevedoring

ArabFinance: United Arab Stevedoring Company (UASG) announced that shareholder Medhat Ahmed El Sayed has raised his stake in the company to 4.106% from 3.34%, according to a filing to the Egyptian Exchange (EGX).

This came after the shareholder purchased 1.52 million shares at a total value of EGP 1.409 million, equivalent to EGP 0.923 per share.

United Arab Stevedoring, formerly United Arab Shipping Company, is an Egypt-based company engaged in the marine port services industry sector.

The company primarily is involved in loading and unloading activities at the Alexandria and Dekheilla ports in Egypt.  It owns a fleet of trucks, trailers, single-semi trailers, and semi-trailers.

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04 Oct 2021
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