ArabFinance: Egyptians for Housing and Development said one of its shareholders, Ali Ibrahim, increased his stake from 4.56% to 5.10%, according to the company's disclosure.

Ibrahim purchased shares at EGP 1.67 per each, with a total amount of EGP 8,802,067.

The company posted a consolidated net profit of EGP 3,628,452 in the January-September 2020, compared to EGP 16,612,150 achieved in the prior-year period.

On August 19th, the EGX announced block trading on 5,500,000 issued shares of Egyptians for Housing 44,000,000.

Egyptians for Housing is engaged in the real estate development and investment sector. The company focuses on buying, purchasing, dividing, and selling lands, and establishing buildings and facilities. This is in addition to setting up urban expansion projects, residential and commercial complexes, and new township projects.

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