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Lift Slab Misr sees changes in shareholding structure

Lift Slab Misr sees changes in shareholding structure

ArabFinanceEgyptian for Developing Building Materials (Lift Slab Misr) (EDBM) announced that its shareholder Hisham Hamada purchased 6 million shares worth EGP 5.369 million, according to the company’s filing to the Egyptian Exchange on May 25th.

Hamada raised his stake to 11.053% from 9.98%.

The company reported a 35% Year on Year jump in its net profit in 2020, recording EGP 4.9 million.

Lift Slab is engaged in the construction and development of industrial buildings and facilities. The company implements hydraulic driving force technology in constructing roofs, tunnels, pipes, bridges, and other engineering constructions.

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