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Shareholder sells 3.18% stake in Domty

Shareholder sells 3.18% stake in Domty

Arab Finance: NAS5 Russell Investment Old Mutual African Frontiers Fund has sold a 3.18% stake in Arabian Food Industries Company (Domty) (DOMT) for EGP 49.50 million, according to a shareholding disclosure published on September 25th.

Hence, the fund cut narrowed its stake in Domty to 3.51% from 6.69% after selling 9 million shares at an average price of EGP 5.5 per share.

Domty is an Egypt-based company engaged in the production and sale of dairy products, including cheese products, such as Tetra Pak cheese, plastic tubes cheese, mozzarella cheese, and spread cheese, as well as milk products and juices.

 

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