Alhsn for Consulting sells EGP 7.9M stake in Panda

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

Arab Finance: Alhsn for Consulting sold a stake in Arab Dairy Products Co. Arab Dairy (Panda) (ADPC) for EGP 7.877 million, according to a disclosure by the Egyptian Exchange (EGX) on Wednesday.

The transaction was executed on 3.89 million shares at an average price of EGP 2.025 per share.

Accordingly, Alhsn’s stake in Panda decreased to 0.37% from 1.71%.

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.