{"id":12327,"date":"2019-09-02T14:20:49","date_gmt":"2019-09-02T14:20:49","guid":{"rendered":"https:\/\/onplan.ae\/sustainable-capital-africa-alpha-fund-raises-stake-in-orascom-to-5-13\/"},"modified":"2019-09-02T14:20:49","modified_gmt":"2019-09-02T14:20:49","slug":"sustainable-capital-africa-alpha-fund-raises-stake-in-orascom-to-5-13","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/sustainable-capital-africa-alpha-fund-raises-stake-in-orascom-to-5-13\/","title":{"rendered":"Sustainable Capital Africa Alpha Fund raises stake in Orascom to 5.13%"},"content":{"rendered":"<div>\n<p style=\"text-align: justify;\"><strong>Cairo \u2013 Mubasher<\/strong>: Sustainable Capital Africa Alpha Fund has increased its stake in <a href=\"https:\/\/english.mubasher.info\/markets\/EGX\/stocks\/ORAS\">Orascom Construction Plc<\/a> to 5.13%.<\/p>\n<p style=\"text-align: justify;\">On 19 August, the fund bought 175,000 shares at an average price of $5.60 per share and 57,000 shares at an average price of EGP 94.98 apiece, raising its stake to 5.13% from 4.93% earlier acquired on 16 August, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.<\/p>\n<p style=\"text-align: justify;\">During the first half of 2019, Orascom Construction posted a <a href=\"https:\/\/english.mubasher.info\/news\/3522993\/Orascom-Construction-profits-slip-23-in-H1\">consolidated profit of $67.2 million<\/a>, down from $87 million in the corresponding period a year earlier.<\/p>\n<p style=\"text-align: justify;\">The company\u2019s capital reaches EGP 116.76 million, distributed over 116.76 million shares at a nominal value of EGP 1 a share.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<div>\n<p style=\"text-align: justify;\"><strong>Cairo \u2013 Mubasher<\/strong>: Sustainable Capital Africa Alpha Fund has increased its stake in <a href=\"https:\/\/english.mubasher.info\/markets\/EGX\/stocks\/ORAS\">Orascom Construction Plc<\/a> to 5.13%.<\/p>\n<p style=\"text-align: justify;\">On 19 August, the fund bought 175,000 shares at an average price of $5.60 per share and 57,000 shares at an average price of EGP 94.98 apiece, raising its stake to 5.13% from 4.93% earlier acquired on 16 August, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.<\/p>\n<p style=\"text-align: justify;\">During the first half of 2019, Orascom Construction posted a <a href=\"https:\/\/english.mubasher.info\/news\/3522993\/Orascom-Construction-profits-slip-23-in-H1\">consolidated profit of $67.2 million<\/a>, down from $87 million in the corresponding period a year earlier.<\/p>\n<p style=\"text-align: justify;\">The company\u2019s capital reaches EGP 116.76 million, distributed over 116.76 million shares at a nominal value of EGP 1 a share.<\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":12328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[960],"tags":[],"class_list":["post-12327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insider-trading-treasury-stocks"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/12327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/comments?post=12327"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/12327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/12328"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=12327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=12327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=12327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}