ArabFinance: El Nile Company for Pharmaceuticals and Chemical Industries (Nile Pharma) (NIPH) announced that shareholder Mohamed Khalid Abd Allah has raised his stake in the company to 2.015% from 0.937%, according to a filing to the Egyptian Exchange (EGX).
This comes after the shareholder bought 109,144 shares in Nile Pharms in a transaction worth EGP 3.274 million, equivalent to an average price of EGP 30 per share.
Nile Pharma manufactures and markets pharmaceuticals, various types of medical materials, chemical products, and cosmetics, as well as surgical threads and medical solutions.