MM Group tops gainers of EGX’s Wednesday session after announcing Ebtikar BoD’s decisions

MM Group tops gainers of EGX’s Wednesday session after announcing Ebtikar BoD’s decisions

FILE- The EGX trading session on December 12, 2017







CAIRO – 24 February 2021: MM Group for Industry and International Trade (MTIE) came at the top of the gainers of the Egyptian Exchange (EGX) during Wednesday's session after announcing the approval of Ebtikar Holding‘s board of Directors to acquire 20 percent of TBE Egypt for Payment Solutions and Services (Bee), besides singing a Memorandum of Understanding (MoU) with Vodafone Egypt.

 

The share of MTIE hiked 11.56 percent or LE 1.30 to reach LE 12.55 after trading on 9.03 million shares with a turnover of LE 113.34 million.

 

Earlier on Wednesday, the company announced that the board of Directors of Ebtikar Holding for Financial Investments S.A.E. (Ebtikar) approved Wednesday to acquire 20 percent of TBE Egypt for Payment Solutions and Services (Bee) which was owned by Technobiz Equipment PTE.

 

This step comes for the purpose of preparing for the