ArabFinance: Arab Engineering Industries (EEII) said a shareholder Amin Alwa cut his stake in the company from 3.45% to 1.20%, according to the company's October 19th disclosure field to the Egyptian Exchange.
Alwa sold 3,751,630 shares at EGP 1.1 per each, with a total amount of EGP 4,158,740.
Arab Engineering split its share' par value to be EGP 0.375 from EGP 3.75 on September 22nd.
Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.