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Lift Slab Misr sees change in shareholding structure

Lift Slab Misr sees change in shareholding structure

ArabFinanceEgyptian for Developing Building Materials (Lift Slab Misr) (EDBM) announced that its shareholder Khalid Mohamed Mourad Mohamed has sold 42.174 million shares in the company at a price of EGP 0.496 per share, according to a filing to the Egyptian Exchange (EGX).

Accordingly, the shareholder’s stake in Lift Slab Misr fell to 2% from 9.42%, the filing added.

The total value of the transaction amounted to EGP 20.91 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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