ArabFinance: Golden Coast Company (GOCO) said that its shareholder Muhammad el-Muhairby decreased his equity ownership from 7.42% to 1.878%, according to a disclosure to the Egyptian Exchange.
El Muhairby sold 10,682,664 shares at an average price of EGP 1.523 each.
The total value of the transaction stood at EGP 16,267,948, Golden Coast noted.
El Muhairby bought on November 5th a total of 3.70 million shares at a total value of EGP 8.96 million.
Established in 2004 and listed on EGX in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.