Sustainable Capital Africa Alpha Fund increases its stake in Orascom Construction – ZAWYA

Sustainable Capital Africa Alpha Fund increases its stake in Orascom Construction – ZAWYA

Sustainable Capital Africa Alpha Fund increases its stake in Orascom Construction. Egypt - Orascom Construction (ORAS) stated Sustainable Capital Africa Alpha Fund purchased 387,172 shares, on May 6th, increasing the fund stake from 9.43% to 9.76% in the company, according to May 13th statement filed to the Egyptian Exchange.. The fund increased its stake in the company to 8.61% by purchasing 12,015 shares of total shares outstanding.. The company posted a net consolidated profit of $131 million (EGP 2.063 billion) in 2019, compared to $154.7 million (EGP 2.4 billion) in the corresponding year, according to the released financial statement back then..