Egypt: TAQA Arabia records block trading deal worth $52.4mln

The Egyptian Exchange (EGX) announced that the block deal was executed on 270.47 million of the company's shares

Staff Writer, Mubasher

July 24, 2023

PHOTO

TAQA Arabia witnessed a block trading agreement valued at EGP 1.62 billion on Monday, 24 July 2023, according to a bourse filing.

The Egyptian Exchange (EGX) announced that the block deal was executed on 270.47 million of the company's shares.

Following its listing on EGX earlier this month, TAQA Arabia recorded an EGP 3.69 billion block trading deal on 414.81 million of its shares.

In the first quarter (Q1) of 2023, TAQA Arabia generated revenues amounting to EGP 2.90 billion, higher by 27% than EGP 2.30 billion during the same period a year earlier.

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