Atlas for Investment's shareholder decreases stake to 5%

Updated 12/23/2020 4:08:00 PM

ArabFinance: Atlas for Investment and Food Industries said one of its shareholders, Khaled Muhammad, decreased his stake from 6.01% to 4.8%, according to the company's disclosure.

Muhammad sold 836,698 shares at EGP 6.865 per each, with a total amount of EGP 5,743,721.

The company suffered a consolidated net loss of EGP 454,053 in January-September 2020, compared to EGP 710,444 incurred in the prior-year period.

Atlas, established in 1997 and listed in 2012, has four subsidiaries focusing on real estate, farm development, and agricultural processing.