Delta for Construction sees shareholding changes

Updated 8/23/2021 8:52:00 AM

ArabFinance: Delta for Construction and Rebuilding (DCRC) stated that Ali Alba cut its stake in the former's capital from 56.57% to 32.47%, according to the company's statement filed to the Egyptian Exchange.

Alba sold one million shares at EGP 22.20 per each, with a total amount of EGP 22.200 million.

Delta for Construction posted a net profit of EGP 7.328 million in half one 2021. 

The company’s activities include developing, owning, managing, buying, and selling residential real estate properties, as well as land subdivision and touristic projects development such as resorts and hotels.