The company sold 1.985 million shares for a total
transaction value of EGP 63.609 million, at an average price of EGP 32.04 per
share, according to the executing brokerage, Arab African International
Securities and Bonds Trading.
Al Ahly for Development and Investment recorded a net profit
of EGP 12.15 million for the period ending last March, compared to EGP 50.9
million during the same period last year, taking minority interests into
account.
Total revenues reached EGP 54.24 million in the first
quarter, compared to EGP 94.85 million in the same period last year.
At the standalone business level, the company’s losses
increased to EGP 7 million in the first quarter, compared to EGP 5.2 million in
the same period last year.