ArabFinance: Golden Coast Company (GOCO)  has seen changes in shareholding structure as its shareholder Ali Mahgoub decrease his stake to 19.33% while Muhammad Al Muhairbi raised his stake to 5.7234%, according to the company statement filed to the Egyptian Exchange.

Mahgoub  sold 3,980,247 shares at EGP 1.5 per share with total amount of EGP 5,994,913.

Moreover, Al Muhairbi purchased 5,912,885 shares at EGP 1.514 per share with total amount of EGP 8,965,733.

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.