Arab Finance: Sustainable Capital Africa Alpha Fund has raised its stake in Orascom Construction Plc (ORAS) to 16.16% from 15.13%, according to a shareholding disclosure filed to the Egyptian Exchanges (EGX) on September 20th.

The company purchased nearly 35,000 shares in Orascom Construction on September 18th at a price of EGP 64.336 per share.

Orascom Construction PLC is a UAE-based engineering and construction contractor. It is a global engineering and construction contractor primarily focused on infrastructure, industrial, and high-end commercial projects in the Middle East, Africa, and the US.