Egypt Kuwait Holding ups stake in Mohandes Insurance; NBE sells its shares

Egypt Kuwait Holding (EKH), listed on the Egyptian Exchange (EGX) and Boursa Kuwait, has raised its stake in Mohandes Insurance to 20.38 percent from 9.98 percent.

The company purchased 7.79 million shares for a value ofP 109.78 million Egyptian pounds at a nominal value of EGP 14.08 apiece.

In a separate note, the National Bank of Egypt (NBE) sold its entire stake of 9.94 percent in Mohandes Insurance, amouting to 7.45 million shares, for 104.96 million  pounds at a nominal value of EGP 14.08 apiece.