Egyptian Saudi Insurance House purchases stake in Dice
Monday, 11 16 2020, Category: Insurance and Reinsurance, Country: Egypt
Dice Sport and Casual Wear said the Egyptian Saudi Insurance House (ESIH) purchased a 6.47% stake in the former, according to the company's November 12th disclosure.
ESIH bought 34,300,000 shares at EGP 1.45 per each, with a total amount of EGP 49,832,704.
In the first half (H1) of 2020, Dice incurred a consolidated net loss of EGP 91,583,173, against EGP 70,821,385 posted in the prior-year period.
Dice is an Egypt-based company engaged in the casual wear garments and textile industry.