EFG Capital Partners III buys further 2.94% stake in Maridive and Oil Services

Updated 7/3/2022 12:02:13 PM

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.