Arab Finance: The Sustainable Capital Africa Alpha Fund has sold 46,291 ordinary shares in Egyptian International Pharmaceutical Industries Company (EIPICO) (PHAR) for EGP 1.34 million or EGP 29.054 per share, according to shareholding disclosure on October 27^th.

Accordingly, the fund’s stake in EIPICO fell to 4.96% from 5.004%.

Founded in 1980, EIPICO is an Egypt-based public shareholding company that operates in the pharmaceutical industry. It is a manufacturer and exporter of pharmaceuticals and holds license agreements with a group of international.