Ty Communication cuts stake in Prime Holding

Updated 8/7/2022 3:16:13 PM

Arab Finance: Ty Communication has sold 4.35 million shares in Prime Holding (PRMH) at a total value of EGP 2.205 million, equivalent to an average price of EGP 0.51 per share, according to a disclosure filed to the Egyptian Exchange (EGX) on August 7th.

Hence, Ty communication’s ownership in Prime Holding dropped to 3.899% from 5.142%.

Prime Holding is an EGX-listed company, which provides investments and financial services for corporations, institutions, government entities, and individuals within Egypt and abroad.