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Shareholder cuts Alnaeem stake to 1.58%
Fund contributor Fahad Al-Harqan reduced his stake in the capital of Al-Naeem Real Estate Group from 2.97% to 1.58%, after selling 1.77 million shares valued at 20.93 million EGP, at an average price of 11.79 EGP per share. The company recorded a profit of 14.7 million EGP in the first quarter of 2026, compared to 8.77 million EGP in the same period in 2025, with revenues increasing to 41.59 million EGP from 12.07 million EGP in the previous year. Additionally, the financial statements showed a rise in net profits to 51.14 million EGP, up from 30.74 million EGP in the same quarter last year.
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