Rimco Investment increases stake in SODIC to 7.44%

Dubai-based Rimco EGT Investment increased its ownership of SODIC to 7.44% from 2.89%, according to a bourse disclosure. The company bought 15.6 mn shares at an average price of EGP 14.78 per share. Rimco had recently increased its stakes in Talaat Moustafa Group and in EFG Hermes.