ArabFinance: Arab Valves Company (ARVA) stated that Amin Elwa cut his stake from 10.02 % to 6.29%, according to the company's November 4th statement filed to the Egyptian Exchange.
Elwa sold 2,839,000 shares at EGP 2.21 per each, with a total amount of EGP 6,273,437.
The company reported a net profit of 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.