Rana Mamdouh _ El-Arabia for Metal Industries and Industrial Investments announced that Al-Thagher for Trading and Construction has reduced its stake in the company's capital from 5.16% to 4.13%.
It sold 769.723 thousand shares of the company for EGP 7.708 million
El-Arabia for Metal Industries stated in its disclosure sent to the Egyptian Exchange (EGX) today that Al-Thagher for Trading sold 769.723 thousand shares of the company for EGP 7.708 million.
The average selling price amounted to EGP 10.014 per share
The average selling price reached EGP 10.014 per share, and Commercial International Brokerage (CIB) acted as the executing broker for the transaction.
The percentage of shares held by the shareholder's related groups was recorded as follows: 2.5% for Ahmed Ali El-Gamal, 1.17% for Mazen Mahmoud El-Gamal, 0.045% for Salma Ahmed Ali El-Gamal, 0.0066% for Ali Ahmed Ali El-Gamal, and 1.51% for El-Gamal Company.
8.68% is the total stake of the seller and its related parties following the execution of the transaction
According to the disclosure of El-Arabia for Metal Industries and Industrial Investments, the total stake of the seller and its related parties after the execution of the transaction becomes 8.68%.
