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News


(2017-01-29) MFIC sells stake in Misr Cement to Al Ahly Capital for LE183.6m
Misr Cement (Qena) (MCQE) said Misr Financial Investments Company (MFIC) sold 1,996,000 shares to Al Ahly Capital Holding. MFIC's stake after deal execution has become 0.85% of the companys capital from 7.53%, while Al Ahly Capitals stake after deal execution has become 20.42% from 13.73%, MFICsold the shares to Al Ahly Capital in a deal worth LE183,632,000 at an average price of LE92 per share.