Shareholder raises stake in M.B Engineering

Updated 11/23/2021 11:23:32 AM

ArabFinance: Mubasher Financial Services (DIFC) Ltd has purchased 99,000 shares in M.B Engineering (MBEN), raising its stake to 5% from 4.85%, according to a filing to the Egyptian Exchange (EGX).

The shares purchase transaction has been carried out at a total value of EGP 228,280, equivalent to an average price of EGP 2.306 per share.

Established in 1990 and listed in 2014, M.B Engineering is a public company, which operates within the capital goods sector and focuses on construction and engineering.