Arab Finance: Ayman Korra, CEO of Korra Energi, has reduced his stake in the company to 73.48% from 75% after selling shares worth more than EGP 205.34 million, as per a disclosure.
The sale transaction involved 34.2 million shares at an average price of EGP 6.004 per share.
Wilzy Securities Brokerage executed the sale on October 12, 2026.
Following the transaction, the combined ownership of Korra and related parties declined to 87.48%.
The Egyptian Exchange (EGX) Listing Committee recently approved the listing of 2.025 billion subscription rights for Korra Energi’s EGP 405 million issued capital increase, which will raise its capital from EGP 450 million to EGP 855 million.
It is also worth mentioning that Korra Energi has delivered robust performance in the first half (H1) of 2026, posting EGP 3.243 billion in revenue and a gross profit of EGP 665 million.
