ArabFinance: El Wadi for International and Investment Development (ELWA) announced that shareholder Gasser Fouad Abdel Hamid raised his stake in the company to 5.25% from 4.92%, according to a bourse filing.
The shareholder purchased 591,208 shares in the company at an average price of EGP 0.674 per share.
El Wadi is an Egypt-based company engaged in the tourism investment sector. The company focuses on the establishment and operation of hotels, motels, hotel apartments, gymnasiums, and sauna facilities.