Arab Moltaqa raises stake in Investments Expedition to 14%

Updated 1/15/2024 11:04:00 AM
Arab Moltaqa raises stake in Investments Expedition to 14%

Arab Finance: Arab Moltaqa Investments Co (AMIC) has acquired an additional stake, representing 24.35 million shares, in Investments Expedition for EGP 25 million, as per a disclosure on January 15th.

Accordingly, Arab Moltaqa’s share in Expedition Investments has been raised from 9.4% to almost 14% of the latter’s total shares.

It is worthy to mention that Expedition Investments owns a 32.91% stake in the Arabian Food Industries Company (Domty).

AMIC is an Egypt-based investment company that invests in a diversified range of economic sectors covering a broad spectrum, including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments, pharmaceutical, healthcare, and tourism.

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