Al Ahli Capital is offloading its 9% stake in the Egyptian Resorts Company by the end of the year, according to AMAY. CEO Khaled Badawi said a preliminary agreement is in place with a local investor as the company is looking to lock in some profits after a strong bull run in the market. He added that the firm is also looking at increasing its ownership in the other roughly dozen names they already own such as Ezz El Dekheila, Alexandria Mineral Oils Company and Sidi Kerir Petrochemicals.

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