Cairo – Mubasher: The shareholder Mohamed Abdel Nasser Hamed Mahmoud has reduced his stake in Real Estate Egyptian Consortium to 5.1% from 10.07%.

The transaction included the sale of 19.86 million shares for EGP 116.77 million, averaging EGP 5.87 per share, the company said in a bourse disclosure on Monday. 

During the first half (H1) of 2021, the company reported net profits of EGP 12.47 million, up from EGP 9.06 million in H1-20. 

The revenues increased to EGP 14.79 million in the January-June period, compared to EGP 12.45 million in the prior-year period.