Alinma Investment raises stake in NUDAP
Updated 12/12/2021 3:03:57 PM
ArabFinance: Alinma Investment has purchased 1.83 million shares in North Upper Egypt for Development and Agricultural Production (NUDAP), according to a shareholding disclosure filed to the Egyptian Exchange (EGX).
The shareholder has increased its stake in the company to 7.87% from 4.99%.
The transaction has been carried out at a value of EGP 2.054 million, equivalent to an average price of EGP 1.22 per share.
It is worth noting that NUDAP incurred a consolidated net loss excluding minority shareholders’ interest of EGP 7.76 million during the first nine months of 2021, up from EGP 389,806 in the year-ago period.
