ArabFinance: Arab Valves Company (ARVA) stated that Amin Elwa acquired 8.5% at EGP 8,320,000, according to the company's August 26th statement filed to the Egyptian Exchange.

Elwa purchased 6,400,000 shares at an average price of EGP 1.30 per each.

The company reported net profit stood at EGP 127,756 in the first half (H1) of 2020, compared to EGP 1,114,658 achieved in H1 2019.

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.