Cairo – Mubasher: The Egyptian Exchange (EGX) announced a deal worth EGP 1.938 million was executed on the shares of Orascom Development Egypt (ODE).

The transaction involved 1.93 million shares as part of the employee stock ownership plan (ESOP), the EGX said in a statement on Thursday.

During the first quarter (Q1) of 2021, ODE reported net profits of EGP 438.46 million, up from EGP 91.85 million in Q1-20, including minority shareholders’ rights.