Arab Engineering Industries announces change in shareholding structure

Updated 10/12/2021 12:33:43 PM

ArabFinance: Arab Engineering Industries (EEII) announced that shareholder Ashraf Talaat Mohamed El Shabrawy raised his stake in the company to 5% from 4.98% after purchasing 30,602 shares, according to a filing to the Egyptian Exchange (EGX).

The shares’ purchase transaction has been executed at a total value of EGP 162,190, equivalent to an average price of EGP 5.3 per share.

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