Golden Coast sees changes in shareholdering structure

Updated 12/1/2020 2:50:36 PM

ArabFinance:  Golden Coast Company said that its shareholder Manal al-Hasan decreased her equity ownership from 6.56% to 3.50%, according to a disclosure to the Egyptian Exchange.

Al-Hasan sold 5,250,000 shares at an average price of EGP 1.45 each.

The total value of the transaction stood at EGP 7,611,030, Golden Coast noted.

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