Upper Egypt Contracting sells 1.76 mln treasury shares

Upper Egypt Contracting, also known as El Saed Contracting Co., offloaded 1.76 million out of 11.1 million treasury shares last week. The sale period will end on July 29th.

Shares were sold at EGP 1.42 maximum and EGP 1.35 minimum.

The board had earlier given a nod to selling 11.1 million shares through the open market to raise cash.