Arab Finance: Mohamed Ayman Kamal El Din Mohamed Abdul Khaliq Korra, CEO of Korra Energi, purchased subscription rights worth about EGP 73.355 million as part of the company’s capital increase, according to a disclosure submitted to the Egyptian Exchange (EGX).
The transaction involved 37.494 million shares at an average purchase price of EGP 1.956 per share. It was executed on October 22 by Wilzy.
Following the purchase, Ayman Korra’s ownership increased from 74.13% to 75.98%, while the combined holding of Korra and his related parties in the company rose from 88.22% to 90.07%.
