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Shareholder cuts stake in El Obour for Real Estate Investment

20 Dec 2021

ArabFinance: El Obour Company for Real Estate Investment (OBRI) announced that shareholder Manal bint Mohamed bint Ahmed Al Hassan has sold 133,000 shares in the company, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).

Accordingly, the shareholder’s stake in the company fell to 4.37% from 6.64%.

The transaction has been carried out at a total value of EGP 1.88 million, equivalent to an average price of EGP 14.18 per share.

Established in 1994, El Ebour operates within the real estate sector, focusing on diversified real estate activities.

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