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Lift Slab Misr unveils change in shareholding structure

Lift Slab Misr unveils change in shareholding structure

ArabFinanceEgyptian for Developing Building Materials (Lift Slab Misr) (EDBM) announced that its shareholder Khalid Mohamed Mourad Mohamed has sold 2.3 million shares in the company at a price of EGP 0.602 per share, according to a filing to the Egyptian Exchange (EGX).

Accordingly, the shareholder’s stake in Lift Slab Misr fell to 9.42% from 10.01%, the filing added.

The total value of the transaction amounted to EGP 1.38 million.

Lift Slab is an Egypt-based company 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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