ArabFinance: ODIN Investments (ODIN) said that its shareholders Muhammad Issa sold 3.495 million shares cutting his stake to 6.826% from 10.1875%, according to the companys statement filed to the Egyptian Exchange.

The transaction is valued at EGP 28.239 million at the par value of EGP 8.08 per each.

ODIN Investment reported a 15% Year on Year increase in its consolidated net loss in 2020, suffering EGP 2.48 million.

ODIN, formerly known as Egyptians Abroad for Investment and Development Company, aims to attract funds from Egyptians living abroad and invest them in the ongoing development of Egypt, with a focus on the real estate and financial services sectors.

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