Arab Finance: Safwa Consulting has sold a 0.69% stake in Arab Dairy Products Co. Arab Dairy (Panda) (ADPC) for EGP 3.522 million or EGP 1.761 per share, according to a shareholding disclosure on October 20th.

As a result, the company’s stake in Panda fell to 0.37% from 1.06% after selling 2 million shares.

Panda is an Egypt-based company engaged in the dairy industry. The company exports its products to Middle Eastern countries, such as Lebanon, Jordan, Libya, the United Arab Emirates, Saudi Arabia, Palestine, Bahrain, Oman, and Kuwait.