Amr Abdul-Mugeed Morsi and Telal Housing Company acquired 15.76% stake in Gharbia Islamic Housing Development Company (CASE:GIHD for EGP 7.1 million on May 6, 2018. The shares were purchased at a price of EGP 8 per share. Amr Abdul-Mugeed Morsi purchased 0.34 million shares for EGP 2.69 million while Telal Housing Company purchased 0.55 million shares for EGP 4.4 million. Following the transaction, Amr Abdul-Mugeed Morsi will hold 5.98% stake while Telal Housing will hold 9.77% stake in Gharbia Islamic Housing Development. Amr Abdul-Mugeed Morsi and Telal Housing Company completed the acquisition of 15.76% stake in Gharbia Islamic Housing Development Company (CASE:GIHD on May 6, 2018.