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Africa Alpha Fund increases its stake in Orascom Construction

Africa Alpha Fund increases its stake in Orascom Construction

ArabFinance:   Orascom Construction PLC (ORAS) disclosed that Sustainable Capital Africa Alpha Fund purchased on March 18th 12,015 shares at a price of EGP 55.00 per share.

Following this transaction, Sustainable Capital Africa Alpha Fund owned 8.61% of total shares outstanding.

On October 2nd, the fund owned 7.61% of the company’s total shares outstanding.

By 20 January 2020, Sustainable Capital Africa Alpha Fund had increased its ownership to 8.60% of total shares outstanding.

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