El Muhairby raises stake in Golden Coast
Updated 11/5/2020 3:28:00 PM
ArabFinance: Muhammad el Muhairby increased his equity ownership in Golden Coast Company (GOCO) to 7.8805% on November 3rd, from the previous 5.7234%, according to a disclosure to the Egyptian Exchange.
El Muhairby purchased 3.70 million shares at an average price of EGP 1.51 each.
The total value of the transaction stood at EGP 5.60 million, Golden Coast noted.
El Muhairby has bought on November 2nd a total of 5.92 million shares at a total value of EGP 8.96 million.
He raised his stake from 2.2708% to 5.72%, according to the disclosure.
EFG Hermes acted as the broker for the two purchase deals, the statements indicated.
