Shareholder raises stake in Obour Land

Updated 10/13/2021 3:12:14 PM

ArabFinance: Obour Land for Food Industries (OLFI) announced that shareholder Ashraf Mohamed Hamed Sherif has raised his stake in the company to 15.49% from 14.99% after purchasing 2 million shares, according to a filing to the Egyptian Exchange (EGX).

The transaction has been carried out at a total value of EGP 10.2 million, equivalent to EGP 5.10 per share.

Established in 1997 and listed in 2016, Obour Land for Food Industries is an Egypt-based manufacturing company, which is specialized in the production, processing, and packaging of white cheese.