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Medfert sells EGP 5B shares in EFIC to NAS Investments

Updated 9/8/2026 1:06:00 PM
Medfert sells EGP 5B shares in EFIC to NAS Investments

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.

 

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