Shareholder cuts stake in TAMEER

Updated 10/24/2021 10:38:23 AM

ArabFinanceDevelopment and Engineering Consultants (TAMEER) (DAPH) announced that shareholder Mohamed Mamdouh Hassan has cut his stake in the company to 9.82% from 10.6%, according to a filing to the Egyptian Exchange (EGX).

This came after Hassan sold 139,860 shares in TAMEER for a total value of EGP 5.033 million, equivalent to an average price of EGP 35.98 per share.

Established in 1954 and listed on the EGX in 1996, TAMEER operates within the capital goods sector focusing on construction and engineering.