Cairo – Mubasher: Mubasher International for Securities on Sunday announced that Alinma Investment Co has raised its stake in Egyptian for Developing Building Materials (Lift Slab Misr) to 5.33% from 3.34%.
Alinma Investment has purchased around 225,030 shares in the Egyptian company at a value of EGP 1.82 million, or EGP 8.12 per share, Mubasher International added in a statement to the Egyptian Exchange (EGX).
Lift Slab Misr’s capital amounts to EGP 79.9 million distributed over 7.9 million shares at par value of EGP 1 per share.
The EGX-listed firm previously reported a net profit of EGP 564,500 for the first nine months of 2018, versus EGP 1.8 million in the year-ago period.
