ArabFinance:  Medical Packaging Company (MEPA) announced that Moustafa Abdel Hameed reduced his stake in the company via selling 7.003 million shares at EGP 7.239 million, according to the company’s February 15^th statement filed to the Egyptian Exchange.

Abdel Hameed’s stake reached 3.12% from 5.01a%.

The listed company posted an 11% Year on Year increase in its net profit in the first half of 2020, achieving EGP 3.01 million, compared to EGP 2.71 million in the same period of 2019.

Medical Packaging is an Egypt-based public shareholding company engaged in the manufacturing of medical and pharmaceutical packaging products. The company focuses on the operations and establishment of a factory for the production of glass containers for the purpose of medical, pharmacy, laboratories, cosmetics, and perfumes.