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New Ismailia shareholder ups stake to 0.65%

New Ismailia shareholder ups stake to 0.65%

ArabFinance:  New Ismailia for Urban Development Company (IDRE) announced that its shareholder Ali Mahgoub purchased 127,000 shares at EGP 6.724 million, according to the company’s statement to the Egyptian Exchange on February 28th.

Mahgoub’s stake increased to 0.65% from 0.305%.

The listed company cut its net loss to EGP 1.13 million in 2020, compared to EGP 1.63 million in 2019.

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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