Arab Finance: Safwa Consulting has sold a stake in Arab Dairy Products Co. Arab Dairy (Panda) (ADPC) for EGP 37.21 million or EGP 2.067 per share, according to a shareholding disclosure on Monday.
As a result, the company’s stake in Panda fell to 1.06% from 7.27% after selling 18 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.