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New Ismailia for Urban Development sees changes in shareholding structure

New Ismailia for Urban Development sees changes in shareholding structure

ArabFinance: Stakeholder Ali Mahgoub purchased 391,171 shares of New Ismailia for Urban Development Company at a value of EGP 14.734 million, according to a January 31st disclosure.

Mahgoub increased his stake to 3.3589%, the statement highlighted.

The company predicts to achieve revenues worth EGP 1.43 million in its 2021 income statement.

New Ismailia focuses on planning and establishing urban areas, while carrying out infrastructure projects such as drinking water, sanitation, electricity, roads, communications, and multiple garages.

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