Saudi Arabia’s Alinma Investments has increased its stake in Egypt’s Ajwa Group for Food Industries to 5.49 percent to 4.55 percent, according to a filing on the Egyptian bourse.

 

The Saudi company bought 943,215 shares in Ajwa for a total value of EGP 2.7 million (SAR 566,308).

 

Mubasher International for Securities acted as the manager for the transaction.

 

Founded in 1985, Ajwa Group for Food Industries is engaged in Processing, distribution and marketing of edible oils and food products. The company exports to the Middle East, Africa, Asia, USA and parts of Europe.

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