ArabFinance: Arab Engineering Industries said a shareholder named Ayman Ibrahim Abdel Moneim El Nahas purchased 5.095 million shares, raising his stake to 5.48% from 2.1%, according to the company’s statement to the Egyptian Exchange.  

The transaction’s value stood at EGP 5.033 million, the statement added.

The listed company reported a net profit of EGP 2,882,236 during the first six months of 2020, compared to EGP 4,498,456 in the prior-year period. 

Arab Engineering is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.