Prime Holding sees EGP 106m block-trading deal: EGX

Prime Holding witnessed a block-trading deal worth 105.82 million Egyptian pounds on Sunday, according to The Egyptian Exchange (EGX).

The transaction involved 89.68 million shares, according to a bourse statement.

In a separate disclosure, Prime Holding said that Sameem Financial Investments reduced its stake to 0.00001 percent from 25.62 percent after selling 89.68 million shares at an average price of 1.18 pounds per share.

Rafik Al-Fahd Al-Tarzi purchased a 2.8 percent stake for 11.57 million Egyptian pounds, while Sameem Capital bought a 2.28 percent stake for 9.42 million pounds.