Golden Coast sees changes in shareholding structure

Updated 9/9/2020 7:08:00 PM

ArabFinance:  Golden Coast Company (GOCO) stated that Ali Mahogub cut his stake in the company capital from 17.2055% to 6.5495%, according to the company's September 9th statement filed to the Egyptian Exchange.

Mahgoub sold 1,827,737 shares at EGP 9.3188 per each, with a total amount of EGP 17,032,378.

In early July, the company’s board of directors decided to split the stock's par value from EGP 4 to 0.40 per share.

Established in 2004 and listed on EGX in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.