Cairo – Mubasher: SHUAA Securities said the Egyptian Saudi Insurance House (ESIH) has increased its stake in Dice Sport and Casual Wear’s capital to 10% from 7.1%.

ESIH has purchased 15.32 million shares from the clothing manufacturer for EGP 27.39 million or an average share price of EGP 1.78, according to a bourse statement on Tuesday.

During the first nine months of 2020, Dice moved to consolidated net losses of EGP 56.56 million, against net profits of EGP 125.29 million in the year-ago period, including minority shareholders’ rights.

The company’s sales declined to EGP 831.67 million in the January-September period from EGP 1.139 billion in the corresponding period in 2019.