Arab Valves is an Egypt-based public shareholding company engaged in designing and manufacturing brass valves and fittings. The company’s product portfolio includes several types of valves, tabs, blenders and fittings in deferent sizes and applications. It also produces a range of ores, which are used in a number of industrial applications.
ADI Investment cuts its stake in Arab Valves
Updated 7/7/2020 5:13:00 PM
ArabFinance: Arab Valves Company (ARVA) stated that ADI Investment reduced its stake from 22.89% to 14.98%, according to the company's July 7th statement filed to the Egyptian Exchange.
ADI Investment sold 5,020,201 shares at an average price of EGP 1.24 per each, with a total amount of EGP 6,305,923.
In 2019, the company posted net profits of EGP 6,776,013, compared to net profits of EGP 6,712,363 in the same period a year ago.
