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.