Rimco EGT ups stake in Sodic to 7.44%

Amir Barsoum

Rimco EGT Investment has just spent EGP 230.4 million to increase its stake in Sixth Of October Development and Investment, Sodic, to 7.44%.

Before the transaction, Rimco EGT held about 2.89% stake in Sodic.

The total number of shares added to its initial holding was 15.6 million shares.

Rimco Investment Company LLC is based in Dubai, Saudi Arabia. Rimco Investment Company LLC operates as a subsidiary of Rashed Al Rashed & Sons Co.

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