Ataqa sees EGP 1.9B block trading transaction
Updated 10/8/2025 10:32:00 AM
Arab Finance: Misr National Steel – Ataqa (ATQA) witnessed a block-trading transaction worth EGP 1.902 billion, the Egyptian Exchange (EGX) stated in a bourse disclosure on October 8th.
The transaction was carried out on 315 million shares.
It is worth noting that Organi Group executed the acquisition deal for a 26.25% stake in Ataqa for EGP 1.9 billion.
The deal included Organi Group’s acquisition of 315 million shares at an average price of EGP 6.04 per share.
The acquired stake represents part of the holdings of Al-Wahda for Industrial Development, a subsidiary of El-Garhy Group.
Following the completion of the transaction, El Garhy Group’s ownership in Ataqa decreased to 62.79% from 89.04%.
In the first half (H1) of 2025, Ataqa turned profitable with EGP 62.330 million in net profits. In H1 2024, the company saw losses of EGP 41.664 million.
Ataqa is an Egypt-based company engaged in the manufacture of reinforced steel bars according to Egyptian and international standards in different sizes and thicknesses.
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