Food Boosts Stake in Ibex Investment

Food Holding announced acquiring a 46.8% stake in Ibex Investment after a major sale deal, strengthening its market position.

Food Holding announced that its subsidiary, Tamoon Company for Corporate Management LLC, now owns 46.8% of the total issued shares of Ibex Investment. This follows the sale of 60.23 million shares (representing 1.7%) through a major deal executed on Monday. This transaction has significantly strengthened the company's position in the investment market.

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