Investor acquires stake in Egypt's Taaleem for $13mln

Ismail bin Ali bin Ismail Turki has purchased 45.73mln shares

  
Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

REUTERS/Amr Abdallah Dalsh
Cairo –  An investor has acquired a 6.26% stake in Taaleem Management Services for EGP 210.2 million on Thursday, according to a bourse disclosure.

Ismail bin Ali bin Ismail Turki has purchased 45.73 million shares at an average price of EGP 4.59 apiece.

In the nine-month period ended 31 May, Taaleem Management Services posted consolidated net profits of EGP 228.39 million, up from EGP 193.04 million in the year-ago period, including minority shareholders' rights.

Source: Mubasher

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