ArabFinance: QNB Financial Services has raised its stake in Integrated Engineering Group (INEG) to 11.33% from 4.373% after purchasing 10.439 million shares at an average price of EGP 0.40914 per share, according to a filing to the Egyptian Exchange (EGX).

The shares’ purchase transaction has been executed by Financial Brokerage Group (FBG) at a total value of EGP 4.27 million.

Moreover, shareholder Diaa Hosni Mohamed Yehia has purchased 160,000 shares in Integrated Engineering Group at an average price of EGP 0.357 per share or a total value of EGP 57,073, according to a separate statement.

Accordingly, the shareholder increased his stake in the company to 5.07% from 4.47%.

Integrated Engineering Group is an Egypt-based public company listed on the EGX in 2014. The company operates within the capital goods sector focusing on construction and engineering.