ArabFinance: General Company for Ceramic and Porcelain (Sheeni Egypt) (PRCL) announced that shareholder Hazem Hassan Abdel Aziz El-Deeb has exited from the company after selling his 5.003% stake, according to a filing to the Egyptian Exchange (EGX).
The shareholder sold 2.52 million shares for a total value of EGP 6.74 million, equivalent to an average price of EGP 2.68 per share.
Sheeni is an Egypt-based company engaged in the manufacture and sale of ceramic and porcelain products. It produces porcelain tableware for domestic and hotels, and antiques and vases, as well as ceramic floors and walls.