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El Garhy Group raises Arab Developers stake by EGP 124m

Businessmen Team news 08 December 2025 12:50 PM
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El Garhy Group raises Arab Developers stake by EGP 124m

El Garhy Group for Investment and Development has increased its stake in Arab Developers Holding (ADH) from 1.03% to 4.63%, according to Synergy Securities Trading.

The Group purchased 500 million shares for a total value of EGP 124 million, at an average price of EGP 0.2480 per share.

Following the transaction, the combined stake held by affiliated groups, including the client, reached 19.39%.

Arab Developers Holding previously reported a decline in net profit for the first nine months of 2025, reaching EGP 159.28 million, down from EGP 225.14 million during the same period last year. Company revenues also fell to EGP 1.19 billion from EGP 1.41 billion year-on-year.