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Shareholder Mahmoud Hassan Jabballa sold approximately 26.3 million shares of Modern Egyptian Systems for Education, worth around 20.65 million EGP, leading to a decrease in his ownership stake in the company from 6.426% to 3.807%. The transaction was executed through Royal Securities and Bond Trading Company at an average price of 0.785 EGP per share. This move is part of a series of transactions by shareholders aimed at reducing their holdings in the company.
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