Egypt’s Zahraa Maadi sees over $17mln block trading deal
- Date: 30-Aug-2022
- Source: Zawya
- Sector:Financial Markets
- Country:Egypt
Egypt’s Zahraa Maadi sees over $17mln block trading deal
Cairo - The Egyptian Exchange (EGX) announced a block trading deal worth EGP 343.90 million on the shares of Zahraa Maadi Investment and Development.
The block deal was executed on 38 million of the company's shares, according to a stock exchange statement on Tuesday.
It is worth noting that Zahraa Maadi achieved net profits after tax worth EGP 274.86 million last year, up 28.99% from EGP 213.09 million in 2020, according to the unaudited financial results that were disclosed last February.
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