September 13, 2021

Real Estate Egyptian Consortium sees changes in shareholding structure


ArabFinance: Real Estate Egyptian Consortium (AREH) has witnessed changes in its shareholding structure as shareholder Ayman Ahmed Abdel Moniem bought 8.201 million shares in the company at an average price of EGP 6.906 per share or a total value of EGP 5.66 million, according to a filing to the Egyptian Exchange (EGX).

As a result, Abdel Moniem’s stake in Real Estate Egyptian Consortium has been raised to 10.059% from 9.854%, the filing added.

Meanwhile, shareholder Ahmed Farouk Abdel Latif raised his stake in the company to 16.589% from 14.689% after purchasing 7.60 million shares at an average price of EGP 7.06 per share or a total value of EGP 53.65 million.

Real Estate Egyptian Consortium is an Egypt-based public shareholding company engaged in the real estate investment sector. The company focuses on real estate development and general building contracts, such as the construction of hotels and touristic villages, housing complexes, among others.

arabfinance


Categories : real estate

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