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CAIRO, EGYPT - DECEMBER 23: A stockbroker watches the share prices on a screen at the Egyptian stock exchange amid the spread of the coronavirus on December 23, 2020 in Cairo, Egypt. Photo by Fadel Dawod/Getty Images). Image used for illustrative purpose. Getty Images
Suez Canal Bank sold its shares in four subsidiaries at a combined value of EGP 142 million, according to a bourse filing.
The lender sold a total of 39.66% of Al Shorouk Industrial Fibers Company’s (Al Sharif Market) shares.
It also executed sales deals for its contribution to Ismailia Tourism Company amounting to 4.17% and the Suez Canal Trade and Agricultural Development with 8.13%.
Suez Canal Bank gave up on its 0.02% equity in Misr Clearing Company for Central Depository and Registry.
Last October, the lender signed an EGP 1.20 billion loan deal with Raya Information Technology, a subsidiary of Raya Holding for Financial Investment.
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