{"id":12337,"date":"2019-09-02T14:20:57","date_gmt":"2019-09-02T14:20:57","guid":{"rendered":"https:\/\/onplan.ae\/sustainable-capital-africa-alpha-fund-ups-stake-in-orascom-for-egp-2m\/"},"modified":"2019-09-02T14:20:57","modified_gmt":"2019-09-02T14:20:57","slug":"sustainable-capital-africa-alpha-fund-ups-stake-in-orascom-for-egp-2m","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/sustainable-capital-africa-alpha-fund-ups-stake-in-orascom-for-egp-2m\/","title":{"rendered":"Sustainable Capital Africa Alpha Fund ups stake in Orascom for EGP 2m"},"content":{"rendered":"<div>\n<p style=\"text-align: justify;\"><strong>Cairo \u2013 Mubasher<\/strong>: Sustainable Capital Africa Alpha Fund \u201cAlpha New\u201d has raised its stake in <a href=\"https:\/\/english.mubasher.info\/markets\/EGX\/stocks\/ORAS\">Orascom Construction Plc<\/a> to 5.002% from 4.948%.<\/p>\n<p style=\"text-align: justify;\">The fund purchased 22,000 shares in the real estate development firm in a deal worth EGP 2.1 million at an average price of EGP 95.759 per share, Orascom Construction said in a statement to the Egyptian Exchange (EGX) on Tuesday.<\/p>\n<p style=\"text-align: justify;\">During the first half of 2019, Orascom Construction logged a <a href=\"https:\/\/english.mubasher.info\/news\/3522993\/Orascom-Construction-profits-slip-23-in-H1\">consolidated profit of $67.2 million<\/a>, compared to $87 million in the year-ago period.<\/p>\n<p style=\"text-align: justify;\">The company\u2019s consolidated revenue declined to $1.4 billion in the six-month period ended 30 June from $1.5 billion in the corresponding period a year earlier.<\/p>\n<p style=\"text-align: justify;\">During the second quarter of 2019, Orascom Construction\u2019s profits slid to $33.5 million, compared to $52 million in Q2-18.<\/p>\n<p style=\"text-align: justify;\">At the level of the standalone business, the firm, listed on the EGX and Nasdaq Dubai, posted a profit of $3.16 million in H1-19, versus a loss of $1.4 billion in H1-18.<\/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 \u201cAlpha New\u201d has raised its stake in <a href=\"https:\/\/english.mubasher.info\/markets\/EGX\/stocks\/ORAS\">Orascom Construction Plc<\/a> to 5.002% from 4.948%.<\/p>\n<p style=\"text-align: justify;\">The fund purchased 22,000 shares in the real estate development firm in a deal worth EGP 2.1 million at an average price of EGP 95.759 per share, Orascom Construction said in a statement to the Egyptian Exchange (EGX) on Tuesday.<\/p>\n<p style=\"text-align: justify;\">During the first half of 2019, Orascom Construction logged a <a href=\"https:\/\/english.mubasher.info\/news\/3522993\/Orascom-Construction-profits-slip-23-in-H1\">consolidated profit of $67.2 million<\/a>, compared to $87 million in the year-ago period.<\/p>\n<p style=\"text-align: justify;\">The company\u2019s consolidated revenue declined to $1.4 billion in the six-month period ended 30 June from $1.5 billion in the corresponding period a year earlier.<\/p>\n<p style=\"text-align: justify;\">During the second quarter of 2019, Orascom Construction\u2019s profits slid to $33.5 million, compared to $52 million in Q2-18.<\/p>\n<p style=\"text-align: justify;\">At the level of the standalone business, the firm, listed on the EGX and Nasdaq Dubai, posted a profit of $3.16 million in H1-19, versus a loss of $1.4 billion in H1-18.<\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":12338,"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":[1],"tags":[],"class_list":["post-12337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/12337","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=12337"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/12337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/12338"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=12337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=12337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=12337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}