Golden Coast reveals new shareholding structure

Updated 7/20/2020 4:29:11 PM

ArabFinance:  Golden Coast (GOCO) stated that its shareholder Ali Mahgoub raised his stake from 11.395% to 16.584% in the company, according to the company's July 20th statement filed to the Egyptian Exchange.

Mahgoub bought 890,000 shares at EGP 9.9716 per each, with a total amount of EGP 8,874,800.

The company posted a net profit of EGP 9,770,750 in 2019, a 43% decline from EGP 17,139,853 in the corresponding year. 

Established in 2004 and listed on EGX in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.