Maridive downgraded on delay of pipe barge

Shares in Maridive and Oil Services took a dip as delays in the delivery of its new pipe-laying barge are expected to cut into the company's profits.
EFG-Hermes cut its recommendation for the Egyptian oil services company to "neutral" from "buy". Maridive shares, which are denominated in US dollars on the Egyptian Exchange, retreated 1.8 per cent to US$3.66. The price has fallen almost 3 per cent in the past three sessions.
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Source: The National