Cairo – Mubasher: Egyptian Company for Construction Development (Lift Slab Misr) announced that Ayman Ibrahim Abdel Moneim El-Nahhas increased his stake in the company's capital to 3.38% from 2.67%.

Hence, El-Nahhas purchased 4 million shares at a total value of EGP 1.24 million, equivalent to an average price of EGP 0.31 per share, according to a bourse filing on Wednesday.

New Brent Securities acted as a broker in the transaction.

During the period from January to March of 2022, the EGX-listed company turned to losses of EGP 406,900, against profits of EGP 710,100 in the same period a year earlier.

Meanwhile, revenues slid to EGP 1.10 million during the January-March period in 2022, compared to EGP 3.36 million in the year-ago period.