ArabFinance: International Company for Medical Industries (ICMI) announced that shareholder Mohamed Ismael Hosny has sold 464,440 shares in the company, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).
Accordingly, the shareholder’s stake in ICMI fell to 4.13% from 6.05%.
The shares have been sold at a total value of EGP 511.34 million, equivalent to an average sale price of EGP 1.101 per share.
Established in 2004, ICMI operates within the health care equipment and services sector focusing on health care equipment.