IFAP to hike stake in Abu Zaabal Fertilizer

Updated 8/20/2023 9:26:00 AM
IFAP to hike stake in Abu Zaabal Fertilizer

Arad Finance: The International Agricultural Products (IFAP) will raise its stake in Abu Zaabal Fertilizer and Chemical Co to 8.465% from 0.203% on august 24th, according to a filing sent to the Egyptian Exchange (EGX) on August 20th.

IFAP will buy 5.570 million shares in Abu Zaabal Fertilizer for EGP 41.775 million or EGP 7.5 per share.

Established in 1995, the public shareholding company is engaged in farming, trading, and distribution of crops and seeds.

Related News