Cairo – Mubasher: Shareholder Hossam Hannahtullah Bakhoum Hindawi has cut his stake in First Investment and Real Estate Development to 12.49% from 28.22%.
Hence, the shareholder sold one million of his shares in First Investment. The total value of the transaction amounts to EGP 3.07 million, equivalent to an average price of EGP 3.07 per share, according to a bourse statement on Thursday.
New Brent Securities acted as a broker in the transaction.
It is worth noting that in the first quarter (Q1) of 2022, the EGX-listed company reported a net profit of EGP 1.20 million, a hike from EGP 20,780 in the year-ago period.
