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Arab Engineering sees changes in shareholding structure

Arab Engineering sees changes in shareholding structure

ArabFinanceArab Moltaka Investments Company (AMIC) cut its stake in Arab Engineering Industries (EEII) from 39.42% to 33.31%, according to the company's October 15th.

AMIC sold 10,175,340 shares at EGP 1.028 per each, with a total amount of EGP 10,465,976.

Arab Engineering split its share' par value to be EGP 0.375 from EGP 3.75 on September 22nd.

AMIC earlier sold more than other 14.32 million shares in EEII at a value of EGP 1.07 per each.

 

Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.

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