Misr Life Insurance exits Misr Oils

Updated 7/15/2021 2:39:47 PM

ArabFinanceMisr Oils and Soap Company (MOSC) announced that Misr Life Insurance exited from the company by selling 218,501 shares, according to the company’s statement to the Egyptian Exchange.

The deal amounts to EGP 5.001 million.

Misr Oils registered a net profit before tax of EGP 4.52 million in the July-February period of the fiscal year 2020/2021.

MOSC is an Egypt-based company engaged in the extraction and refining of oils from plants and animals, and the production of soap and detergents. The company’s oil products include sunflower oils, corn oils, cotton seeds oils, soya oils, ghee, and butter.