PIC lowers stake in PPC to 4.93%

The Public Investment Corporation (PIC) has reduced its shareholding in cement manufacturer PPC from 9.52% to 4.93%. The State-owned fund manager has progressively been decreasing its stake in the cement manufacturer, having reduced its shareholding from 25% to about 19% in June, to just under 14% in July and again to 9.52% in September.

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