Arab Finance: Company announced Energy Arabia (TAQA)regarding the transfer of ownership of the shares of Silverstone Capital Investment Ltd. – the main shareholder – which owns a number 239,120,667 shares, which represent 17.68% of the capital of the first, were distributed to four banks, according to For a statement Egyptian Stock Exchange.
The Arab African International Bank acquired a 5.99% stake, by purchasing 81.057 million shares, and Cairo Bank’s share of the deal amounted to 4.89%, by purchasing 66.128 million shares.
According to the statement, Banque Misr acquired a 4.87% stake by purchasing 65.859 million shares, and Al Ahli Bank of Kuwait – Egypt purchased 26.074 million shares, representing 1.93%.
About the consolidated and unconsolidated results of its business for the six months ending on 06/30/2024, it showed achieving a net profit. assembly It amounted to 211.324 million pounds, compared to a combined net profit of 167.271 million pounds for the same period of the previous year.
The company was established in 2006 and is considered the largest private sector company in the field of energy distribution in Egypt. The company has more than 20 years of experience in investing and operating infrastructure networks for the energy sector, from natural gas distribution to the generation and distribution of electric power and marketing of petroleum products. By providing its services through five subsectors, which are the gas sector, the electricity sector, the petroleum products marketing and distribution sector, the solar energy sector, and the water sector.
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