ArabFinance: Arabia Investments Holding (AIH) stated that al-Arabi Investments cut its stake in the former's capital from 6% to 2.9%, according to the company's August 19th statement filed to the Egyptian Exchange.

Al-Arabi Investments sold 42 million shares at EGP 0.447 per each, with a total amount of EGP 18,779,567.

Earlier, AIH announced restructuring Cairo For Development and Cars Manufacturing (CDCM) by settling the latter's debt with Suez Canal Bank.

AIH, formerly Arabia Investments Development Financial Investments Holding Company, is an Egypt-based investment company that invests in fields such as power, building materials, automotive, and oil and gas. The company focuses on diversified development, offering infrastructure, construction, and industrial solutions.

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