ArabFinance: Egyptian for Developing Building Materials (Lift Slab Misr) (EDBM) announced that its shareholder Moustafa Moawad sold 48.362 million shares worth EGP 44.977 million, according to the companys filing to the Egyptian Exchange on June 22nd.
Moawad cut his stake to 6.52 % from 15.13 %.
The company posted a net profit of EGP 710,105 in quarter one of 2021.
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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