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Egypt’s MidFert Misr raised its 9.95 percent stake in General Company for Ceramic and Porcelain Products (Sheeni) to 12.27 percent on Tuesday.
The stake comes at a value of 9.09 million Egyptian pounds.
Midfert bought 1.17 million shares in the EGX-listed firm at a price of 7.76 pounds per share, according to a bourse filing.
Al Ahly Pharos was the broker for the transaction.
During the July 2022-June 2023 period, Sheeni recorded profits of 19.65 million pounds.
The company’s sales rose by 121 percent year-on-year (YoY) to 240.39 million pounds by the end of June, up from 198.64 million pounds.
