> ## Content Index
> Fetch the complete content index at: https://www.africainvestorreview.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Korra Energi CEO Trims Stake in EGP 205M Secondary Sale to Fund Participation in EGP 405M Rights Issue
- URL: https://www.africainvestorreview.com/korra-energi-ceo-divests-egp-205m-stake-on-egx-to-capitalize-capital-increase/
- Published: 2026-10-14T17:45:00.000Z
- Updated: 2026-10-17T01:10:51.000Z
- Description: Ayman Korra trims individual holding to 73.48% in a block transaction executed by Wilzy Securities, aligning liquidity ahead of an EGP 405 million rights issue expansion.
- Author: Charles S.
- Tags: Macro & Markets, North Africa

**CAIRO** — [**Ayman Korra**](https://www.linkedin.com/in/ayman-korra-a525b4210/?ref=africainvestorreview.com), Chief Executive Officer of Egyptian energy solutions and infrastructure provider [**Korra Energi**](https://www.linkedin.com/company/korraenergi/home/?ref=africainvestorreview.com) (EGX: KORR), has reduced his direct equity stake in the company from **75.00% to 73.48%**.

The secondary market transaction involved the sale of **34.2 million shares** at an average price of **EGP 6.004 per share**, yielding a total consideration of **EGP 205.34 million** (\~$4.2 million). Executed by **Wilzy Securities Brokerage** on October 12, 2026, the deal brings the combined ownership of Korra and associated parties down to **87.48%**.

## Equity Expansion & Rights Issue Framework

The insider sale coincides with corporate actions designed to expand [Korra Energi](https://www.linkedin.com/company/korraenergi/home/?ref=africainvestorreview.com)'s equity base on the Egyptian Exchange:

- **Rights Listing Approval:** The EGX Listing Committee approved the listing of **2.025 billion subscription rights**for the company’s **EGP 405 million issued capital increase**.
- **Capital Base Scaling:** The issue will raise Korra Energi’s total issued capital from **EGP 450 million to EGP 855 million**.
- **Capital Reinvestment:** The transaction provides liquid reserves enabling the core sponsor group to exercise subscription rights and retain majority governance during the share issuance.

## Financial Growth Drivers

The equity adjustment follows strong operational performance reported across Korra Energi's energy engineering, sustainable utility solutions, and agricultural export lines:

- **H1 2026 Top-Line:** Generated **EGP 3.243 billion** in consolidated revenue for the first six months of 2026.
- **Gross Profitability:** Delivered a gross profit of **EGP 665 million** over the same period.
- **Order Backlog Expansion:** Secured **EGP 5 billion in new project contracts** during H1 2026, up from EGP 1.1 billion in H1 2025, driven by expanding industrial cogeneration and off-grid power operations.

---

### The Intelligence Engine for African Private Capital

Access complete transaction breakdowns, fund strategy updates, and market commentary directly on our platform.

[Become a member](#/portal/signup)