Al Garhy Group and Related Parties Increase Stake in EFG Holding to 12.64%
Al Garhy Group and its related parties have officially raised their collective equity stake in EFG Holding to 12.645%, representing approximately 180.126 million shares. This marks a notable increase from their previously disclosed holding of 11.501%, which equated to about 165.138 million shares.
According to the latest shareholder structure disclosure, the overall increase was driven by stake expansions across several key entities and individuals within the group:
Al Garhy Group for Investment and Development: Increased its stake to 5.681% (approximately 81.057 million shares), up from 5.159% (74.077 million shares) in the previous statement.
Gamal Abdel Qader Abdel Basir Abdel Qader: Raised his personal stake to 4.356% (approximately 62.059 million shares), an increase from 3.872% (55.599 million shares).
Egyptian Steel Company: Grew its shareholding to 2.482% (approximately 35.624 million shares), up from 2.412% (34.624 million shares).
The disclosure also outlined that the "related parties" consortium encompasses several family members and affiliated corporate entities. These include Misr National Steel (Ataqa) operating under the internal investment system, Dalia Gamal Abdel Qader El Garhy, Amal Ezzat Rabie Mohamed El Garhy, the Egyptian Company for Iron and Steel Products, and Gamal Mohamed Gamal Abdel Qader El Garhy.