Cairo - Mubasher: El Wadi for Touristic Investment cut its stake in Golden Coast El Sokhna for Touristic Investment from 20.35% to 16.35%.

El Wadi sold 200,000 shares in Golden Coast at average price of EGP 10.49 per share at total value of EGP 2.098 million.

Golden Coast reported an increase of 12.7% to EGP 4.56 million in net profits for the first nine months of 2015, up from EGP 4.04 million a year earlier.