Cairo – Mubasher: The Egyptian Exchange (EGX) on Sunday said that a heavy trade transaction worth EGP 608.4 million was implemented on Orascom Development Egypt.

The transaction was executed through 18.16 million shares, or EGP 33.5 per share, the EGX highlighted in a statement.

It is worth noting that Orascom Development had sold some of its non-core assets at a total value of EGP 1.24 billion two months ago.

Orascom Development’s capital amounts to EGP 1.1 billion distributed over 221.6 million shares at a par value per share of EGP 5.