Cairo – Mubasher: Asmak Co has raised its stake in Porto Group Holding to 11.515% from 8.784%.
The transaction involved the purchase of 31.945 million shares for EGP 30.124 million, averaging EGP 0.943 apiece, according to a bourse disclosure on Tuesday.
In a separate statement, it is disclosed that Abdul Salam Masood Abdelkarim cut his stake in Porto Group Holding to 8.458% from 11.187% in a deal worth EGP 30.124 million.
HC Brokerage acted as a broker in the two transactions.
Over the course of 2020, Porto Group Holding achieved net profits of EGP 25 million, compared to EGP 104.25 million a year earlier.
