Farid Khamis's daughters sell full shares in Oriental Weavers for EGP 1.38 Bln

On Sunday, Oriental Weavers Group announced that Yasmine and Farida, daughters of late tycoon Mohamed Khamis, sold their entire shares in the company to FYK Limited for EGP 1.38 billion.

The company indicated, in a statement to the Egyptian Stock Exchange, that Yasmine and her sister Farida sold their entire stake in the company at a rate of 12.31%, with a number of shares amounting to 81.87 million shares, at a price of EGP 8.4 per share, with a total value of EGP 687.74