Egypt - Daily News Egypt learned that Al-Mansour Holding completed a restructure of its shares in Metro Market chain, in a deal valued at about EGP 118m. The sources added that the restructure process included a transfer of Metro Market to one of the group’s subsidiaries. The company conducted EGP 368.5m worth of transactions on 25.7 million shares through 72 operations, capturing a market share of 12.4%. Al-Mansour Group owns Al-Mansour Holding for Financial Investments, the largest distribution group in Egypt, providing a range of consumer goods through 130,000 outlets across the country and employing more than 8,000 people. According to the website, Al-Mansour Holding Company for Financial Investments was established in 1992, with a combined revenue of about $7.5bn.

Source: Daily News Egypt August 15, 2023 12:55 UTC