Arab Valves sees change in shareholding structure

Updated 12/8/2021 2:57:08 PM

ArabFinance: Arab Valves Company (ARVA) announced that shareholder Mahmoud Hassan Gaballah has sold 240,000 shares in the company, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).

Accordingly, the shareholder’s stake in Arab Valves fell to 3.509% from 4.169%.

The transaction has been concluded at a value of EGP 401,502, equivalent to an average sale price of EGP 1.673 per share.

Arab Valves is an Egypt-based public shareholding company engaged in designing and manufacturing brass valves and fittings.

The company’s product portfolio includes several types of valves, tabs, blenders, and fittings in different sizes and applications. It also produces a range of ores, which are used in a number of industrial applications.