Golden Coast sees changes in shareholding structure

Updated 11/3/2020 8:53:00 AM

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.