September 30, 2021

Port Said for Agricultural Development announces change in shareholding structure


ArabFinance: Port Said for Agricultural Development and Construction (PSAD) announced that shareholder Manal bint Mohamed bin Ahmed Al Hassan has purchased 225,800 shares in the company at an average price of EGP 3.088 per share, according to a filing to the Egyptian Exchange (EGX).

Accordingly, Al Hassan’s stake in the company rose to 9.62% from 3.98%.

The total value of the transaction amounts to EGP 697.23 million.

Established in 2010 and listed on the Egyptian Exchange in 2011, Port Said for Agricultural Development operates within the diversified financial sector, focusing on multi-sector holdings.

arabfinance


Categories : real estate

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