Arab Finance: Banque Misr lowered its stake in Golden Textiles and Clothes Wool (Goldentex) to 3.363% from 9.307% at a total value of EGP 88.627 million, according to a bourse filing.
The lender sold 849,000 shares in Goldentex at an average price of EGP 104.39 per share.
Commercial International Brokerage Company (CIBC) implemented the transaction, which was executed on July 16th.
In the first quarter (Q1) of 2026, Goldentex shifted to net losses valued at EGP 95.058 million, compared to net profits of EGP 12.109 million a year earlier.
Sales climbed to EGP 213.834 million in Q1 2026 from EGP 194.946 million at the end of March 2025.