Arab Finance: Medfert Misr restructured part of its ownership in Egyptian Financial and Industrial Company (EFIC), selling 25 million shares to NAS Investments Holding Limited for EGP 5.012 billion, as per a bourse disclosure.
Following the transaction, Medfert’s equity in EFIC was reduced to 8.033% from 33.033%.
Meanwhile, NAS acquired a 25% stake in the EGX-listed company at an average price of EGP 200.5 per share.
In the first quarter (Q1) of 2026, EFIC recorded 83.59% year-on-year (YoY) lower consolidated net profits attributable to the shareholders at EGP 74.769 million, compared to EGP 455.776 million.