ArabFinance: Mohandes Insurance Company stated that Techno Lease raised its stake from 13.9765% to 16.4765%, according to the company's July 9th statement filed to the Egyptian Exchange.

Techno Lease purchased 1,500,000 shares at an average price of EGP 17.60 per each, with a total amount of EGP 26,400,000.

The company reported a standalone net profit of EGP 88,069,807 in the first nine months of the fiscal year 2018/2019, a 10% increase from the EGP 80,088,250 posted in the corresponding period a year earlier.

Mohandes Insurance is an Egypt-based public shareholding company engaged in the insurance sector. The company offers life and non-life insurance, and reinsurance products and services. Its products and services portfolio falls into two main insurance segments, namely individual insurance and property insurance.

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