ArabFinance: Ismailia National Food Industries (Foodico) (INFI) stated that Kamar Holding for Financial Investments increased its stake from 1.10% to 9.98%, according to the company's statement filed to the Egyptian Exchange.
Kamar bought 1,021,311 shares at EGP 22.80 per each, with a total amount of EGP 23,287,706.
Ismailia Governorate earlier rejected converting any part of Foodico’s land to be used for residential purposes.
Foodico is an Egypt-based public shareholding company engaged in the food industry. The company exports its products to UAE, Europe, US, Canada, and Australia.