Cairo – Mubasher: Wathiq for Securities Brokerage stated that the shareholder Hussein Mostafa Mohamed Gad has reduced his stake in the capital of Al Gharbia Islamic Urban Development from 5.46% to 2.35%.
The company explained in a statement to the Egyptian Exchange today that the shareholder sold 175 thousand shares with a total value of EGP 8.44 million, at an average selling price of EGP 48.23 per share.
Al Gharbia Islamic achieved a net profit after tax of approximately EGP 8.71 million during the period from January until the end of June 2026, compared to a net profit of EGP 2.16 million during the comparative period of the previous year.
In terms of revenues (sales), the company achieved approximately EGP 11 million by the end of June 2026, compared to EGP 2.93 million in the comparative period.
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