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Egypt - Egyptians for Investment and Urban Development (EIUD) announced that shareholder Faten Salah El Din Mohamed has cut her stake in the company to 2.588% from 3.348% after selling 380,000 shares, according to a filing to the Egyptian Exchange (EGX).
The shares’ sale transaction has been carried out at a total value of EGP 5.07 million, equivalent to an average price of EGP 13.34 per share.
Egyptians for Housing is engaged in the real estate development and investment sector. The company focuses on buying, purchasing, dividing, and selling lands, and establishing buildings and facilities. This is in addition to setting up urban expansion projects, residential and commercial complexes, and new township projects.
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