ArabFinance: Golden Coast Company said Target Real Estate Investment increased its stake in the former from 9.412% to 13.225%, according to Golden Coast’s statement filed to the Egyptian Exchange.
Target bought 6,530,000 shares at EGP 1.453 per each, with a total amount of EGP 9,487,367.
Golden Coast posted a net profit of EGP 5,604,744 in January-September 2020, compared to EGP 10,694,500 achieved in the prior-year period.
In early July, the listed company decided to split its stock's par value from EGP 4 to EGP 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.