Nemow for Consulting sells 1.12% stake in Arab Dairy Products

Updated 10/10/2022 12:13:00 PM

Arab Finance: Nemow for Consulting Company has sold a 1.12% stake in Arab Dairy Products Co. Arab Dairy (Panda) (ADPC) for EGP 7.621 million, equivalent to an average price of EGP 2.345 per share, according to a shareholding disclosure published on October 10th.

Accordingly, the company’s stake in Panda has been cut to 2.96% from 4.08% after selling 3.25 million shares.

Panda is an Egypt-based company engaged in the dairy industry. The company exports its products to Middle Eastern countries, such as Lebanon, Jordan, Libya, the United Arab Emirates, Saudi Arabia, Palestine, Bahrain, Oman, and Kuwait.