Arab Finance: EFG Capital Partners III L.P. has purchased a 2.94% stake or 12.36 million shares in Maridive and Oil Services (MOIL) at a total value of $940,000, equivalent to $0.076 per share, according to a filing to the Egyptian Exchange (EGX) on July 3rd.
As a result, the company has raised its stake in Maridive and Oil Services to 8.26% from 5.32%.
The transaction has been conducted by Financial Brokerage Group.
Maridive Group is an Egypt-based company engaged in the provision of offshore marine and oil support services in the Middle East and North Africa Region.