ArabFinance: Golden Coast Company (GOCO) stated that Mohamed Hamed cut his stake from 6.66% to 0.03146%, according to the company's November 2nd statement filed to the Egyptian Exchange.
Hamed sold 6,026,000 shares at EGP 1.696 per each, with a total amount of EGP 15,220,096.
In early July, the company’s board of directors decided to split the stock's par value from EGP 4 to EGP 0.40 per share.
Established in 2004 and listed on EGX in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.