According to Beirut Stock Exchange (BSE), the Kuwaiti firm Mohamad Abed El Mohsen El Kharafi & Sons Co. for general contracting and industrial manufacturing, a corporate shareholder of Rasamny Younes Motor Co. (RYMCO), sold its stake of 3.1 million shares at US$3.07/share, for a total deal value of $9.62 million.
The sale price is at a rough discount of 5.5% to Rymco’s current trading price of US$3.25. The acquirer, Shift SAL (Holding), now owns 38.07% of Rymco, with El Kharafi owning less than 0.001% (around 3000 shares).
Yearly Performance of Rymco Shares
Source: BSE