ArabFinance: Egyptian for Construction Development (Lift Slab) has hired Grant Thornton to prepare the fair value study of the former stock, according to the company's October 11th statement filed to the Egyptian Exchange (EGX).

The move comes after Lift Slab announced its intention to purchase 85.255% of AL Wafaa for Touristic Investment, Alfursan Group's subsidiary.

Alfursan will acquire shares of Lift Slab’s subscription in return for the credit balance.

In early October, the EGX concerned committee approved listing the capital increase shares of Egyptian for Construction Development (Lift Slab), according to EGX’s disclosure.

Lift Slab is engaged in the construction and development of industrial buildings and facilities. The company implements hydraulic driving force technology in constructing roofs, tunnels, pipes, bridges, and other engineering constructions.

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