Investor increases his stake in Arab Co. for Asset Management to 11.24%

Updated 3/19/2019 12:09:00 PM

ArabFinance: Arab Co. for Asset Management And Development - (ACAMD)  said Mohamed Bin Naser Bin Gar Allah purchased 16,672,421 shares from its shares. 

Gar Allah stake after deal execution has become 11.24% of the company’s capital from 4.95%.

It is worth to mention the deal amount is LE50,542,787 at an average price of LE3.031 per share.