ArabFinance: QNB Financial Services has cut its stake in Integrated Engineering Group (INEG) to 13.61% from 15.61% after selling 3 million shares for an average price of EGP 0.43436 per share, according to a filing to the Egyptian Exchange (EGX).

The shares’ sale transaction has been executed by Financial Brokerage Group (FBG) at a total value of EGP 1.303 million.

On the other hand, shareholder Anas Diaa Hosni Mohamed has sold 200,000 shares in Integrated Engineering Group at an average price of EGP 0.412 per share or a total value of EGP 82,400, according to a separate statement.

Accordingly, the shareholder cut his stake in the company to 0.25% from 0.39%.

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.