Mashareq reduces equity in Electro Cable Egypt to 0.77%

Mashareq Real Estate Developments sold 16.50 million shares in Electro Cable Egypt Company at a value of EGP 36.43 million, with an average price of EGP 2.20 per share.

Mashareq reduced its stake in the EGX-listed firm to 0.77% from 1.27%, according to a bourse filing.

Meanwhile, the deal was executed through Aspire Securities and Bonds on 19 February 2026.