ArabFinance: Egyptian Global Investment Fund has sold 31,970 shares in Kafr El Zayat Pesticides (KZPC) at an average price of EGP 34.99 per share, according to a filing to the Egyptian Exchange (EGX).
Accordingly, the fund has cut its stake in the company to 5.743% from 6.009%, the filing added.
The total value of the shares’ sale transaction stood at EGP 1.118 million.
Kafr el Zayat is an Egypt-based company that produces and sells formulations, such as pesticides, insecticides, fungicides, herbicides, rodenticides, and fertilizers to the agricultural and hygienic sectors in Egypt.
The company’s subsidiaries include Kafr el Zayat International for Pesticides and Chemicals, Organic Biotechnology company, and Chemi Company.