Shareholder cuts stake in Nasr Civil Works

Updated 12/21/2021 3:14:00 PM

ArabFinance: Nasr Company for Civil Works’ (NCCW) announced that shareholder Ahmed Farouk Ibrahim El-Qatamy sold 8,500 shares in the company, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).

The shareholder cut his stake in the company to 9.95% from 10.01%.

The transaction was implemented at a value of EGP 144,670, equivalent to EGP 17.02 per share.

Nasr for Civil Works is an Egypt-based public shareholding company engaged in the construction sector. The company provides construction and development contracting services for infrastructural projects related to energy, utilities, housing, roads, and ports