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El Sewedy Cement cuts stake in Qalaa Holdings to 2.92%

Businessmen Team banks-exchange 03 December 2025 10:07 PM
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El Sewedy Cement cuts stake in Qalaa Holdings to 2.92%

El Sewedy Cement reduced its stake in Qalaa Holdings from 6.3% to 2.92%.

The company sold around 143 million shares for a total of EGP 564.76 million at an average price of EGP 3.94 per share, according to a statement released to the Egyptian Exchange on Wednesday by Hermes Securities Brokerage, the executing firm.

The stake held by shareholder and related party Sadek Ahmed Sadek El Sewedy decreased to 1.3355%.