Real Estate Egyptian Consortium announces change in shareholding structure

As a result, Sayed’s stake in Real Estate Egyptian Consortium rose to 5.845% from 3.955%

  
A trader works at the Egyptian stock exchange in Cairo, Egypt September 20, 2018.

A trader works at the Egyptian stock exchange in Cairo, Egypt September 20, 2018.

REUTERS/Mohamed Abd El Ghany
Egypt -  Real Estate Egyptian Consortium (AREH) has witnessed a change in its shareholding structure as shareholder Ahmed Galal Hamed Sayed purchased 7.56 million shares in the company at an average price of EGP 6.0102 per share, according to a filing to the Egyptian Exchange (EGX).

The total value of the shares’ purchase transaction amounted to EGP 45.44 million.

As a result, Sayed’s stake in Real Estate Egyptian Consortium rose to 5.845% from 3.955%.

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.

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