Derayah Financial sells 5% stake in Golden Coast

Updated 9/14/2022 2:44:00 PM

Arab Finance: Derayah Financial has sold a 4.8% stake, representing 8.22 million shares, in Golden Coast Company (GOCO) for EGP 2.978 million, according to a shareholding disclosure published on September 14th.

As a result, Derayah’s stake in Golden Coast fell to 0.5% from 5.3%.

The transaction was implemented by MubasheTrade at an average price of EGP 0.36 per share.

Established in 2004 and listed on the Egyptian Exchange (EGX) in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.