{"id":647799,"date":"2017-05-21T04:04:57","date_gmt":"2017-05-21T04:04:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/"},"modified":"2017-05-21T04:04:57","modified_gmt":"2017-05-21T04:04:57","slug":"rimco-investment-increases-stake-in-sodic-to-7-44","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/","title":{"rendered":"Rimco Investment increases stake in SODIC to 7.44%"},"content":{"rendered":"<p><strong>Dubai-based <\/strong><a href=\"https:\/\/www.bloomberg.com\/research\/stocks\/private\/snapshot.asp?privcapId=280866475\"><strong>Rimco EGT Investment<\/strong><\/a><strong> increased its ownership of SODIC to 7.44% <\/strong><strong>from 2.89%<\/strong>, according to a <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%B3%D9%88%D8%AF%D9%8A%D9%83%20%D8%A8%D9%8A%D8%A7%D9%86%2018-05-2017.pdf\">bourse disclosure<\/a>. The company bought 15.6 mn shares at an average price of EGP 14.78 per share. Rimco had recently increased its stakes in T<a href=\"http:\/\/www.reuters.com\/article\/brief-egypts-tmg-holding-says-rimco-egt-idUSFWN1GJ0PC\">alaat Moustafa Group<\/a> and in <a href=\"http:\/\/www.reuters.com\/article\/brief-efg-hermes-holdings-says-rimco-egt-idUSFWN1GJ0NY\">EFG Hermes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647799","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"54324345-81a2-4cb8-a3d6-f5d215aa382d","order":"0","is_powered_by":true,"section_story_id":"ccc3705a-82e8-447b-b7cc-1234376e042f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647785],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rimco Investment increases stake in SODIC to 7.44% - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rimco Investment increases stake in SODIC to 7.44%\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-21T04:04:57+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Rimco Investment increases stake in SODIC to 7.44%\",\"datePublished\":\"2017-05-21T04:04:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/\"},\"wordCount\":50,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/\",\"name\":\"Rimco Investment increases stake in SODIC to 7.44% - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-05-21T04:04:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rimco Investment increases stake in SODIC to 7.44%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Rimco Investment increases stake in SODIC to 7.44% - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/rimco-investment-increases-stake-in-sodic-to-7-44\/","og_locale":"en_US","og_type":"article","og_title":"Rimco Investment increases stake in SODIC to 7.44%","og_description":"Dubai-based Rimco EGT Investment increased its ownership of SODIC to 7.44% from 2.89%, according to a bourse disclosure. 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The Dubai-based company reportedly purchased 20 mn shares at EGP 9.60 per share. A representative from Edita declined to comment when asked by Enterprise\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593625,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/uaes-beco-closes-second-vc-fund\/","url_meta":{"origin":647799,"position":1},"title":"UAE\u2019s Beco closes second VC fund","author":"enterpriseam admin","date":"3 October 2019","format":false,"excerpt":"STARTUP WATCH- UAE\u2019s Beco closes second VC fund: Beco Capital has closed its second startup fund at USD 100 mn, exceeding its initial USD 80 mn target, the Dubai-based venture capital firm said in a press release (pdf). 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