Techno Lease raises stake in Al Shams Housing
Updated 6/28/2021 1:24:00 PM.jpg)
ArabFinance: Al Shams Housing and Urbanization (ELSH) said Techno Lease purchased 2.800 million shares of its capital at EGP 14.616 million, according to Al Shams’ statement released on June 28th.
Techno Lease stake increased to 1.598% from 0.055% of Al Shams Housing.
Moreover, Bayt El Khebra Group sold 2.8 million shares of Al Shams Housing, decreasing the stake to 3.74% from 5.28%.
The real estate company posted a net profit of EGP 49.259 million in quarter one of 2021.
Al Shams is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.
