Egypt .. Golden Coast shares rise to the highest price in 4 and a half years

Golden Coast Sukhna Coat Investment, raised and traded on the Egypt Stock Exchange, increased by 4.68% at the beginning of trading today, Wednesday, to trade at a price of 2.46 pounds per share, achieving its highest price in 54 months.

The stock touched its highest price in 4 and a half years (4 years, 6 months and two days).

That price was the highest share at that time, while the share price was at 2.35 pounds per share.

The trading on the share of Golden Coast at that time through 17 trading operations, at 52.26 thousand shares, with a trading value of 128.55 thousand pounds.

The performance of the stock comes after the company’s board of directors approved a new general manager for the company, and the council decided to obtain a loan of 5 million pounds for support for a period of 8 months and without interest, and the loan provides an asset company for investment and real estate development, which is one of the main shareholders in Golden Coast.

The Public Investment Authority and Free Zones directed the company to invite its shareholders to the Ordinary General Assembly next Saturday, April 19.

And Golden Coast Sukhna Tourism Investment is one of the specialized companies in the field of tourism investment in the Arab Republic of Egypt, and it is taken from the Ain Sukhna region located on the Red Sea as the headquarters of its activity and it is one of the tourist areas that attract investments. Local and foreigners through its projects.

The company seeks to achieve a sustainable development in the tourism sector by improving the infrastructure and providing high -quality services, which enhances attracting tourists and providing various investment opportunities.

The company also aims to increase its investments in the region and enhance its presence in the tourist market, in line with the growth of the tourism sector in Egypt and the government’s directions to enhance tourism investments in attractive areas.