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New Ismailia’s shareholder increase stake to 5.45%

New Ismailia’s shareholder increase stake to 5.45%

ArabFinance: Stakeholder Ali Mahgoub purchases 737,000 shares of New Ismailia for Urban Development Company (IDRE) at a value of EGP 25.631 million, according to the company’s February 4th statement filed to the Egyptian Exchange.

Mahgoub raised his stake from 3.44% to 5.45%.

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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