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Emerald sells EGP 9.8M stake in IEEC

Updated 9/8/2026 9:47:00 AM
Emerald sells EGP 9.8M stake in IEEC

Arab Finance: Emerald Communications and Information Technology reduced its stake in Industrial and Engineering Enterprises Company (IEEC) to 5.404% from 6.09%, according to a bourse filing.

Emerald sold 10 million shares in the EGX-listed company for a total amount of EGP 9.830 million, at an average price of EGP 0.983 per share.  

Mubasher for Securities and Bonds was the broker for the transaction, which was executed on September 9.

In the first quarter (Q1) of 2026, IEEC generated 10.62% year-on-year (YoY) lower net profits at EGP 5.054 million when compared to EGP 5.655 million.

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