Target For Real Estate Investment raises sake in Dice in $1.71mln deal

The transaction involved the purchase of 15.56 million shares

Cairo – Target For Real Estate Investment, Development, Agricultural Reclamation and Tourism Development has raised its stakes in Dice Sport and Casual Wear to 5.80% from 2.87%.

The transaction involved the purchase of 15.56 million shares for EGP 26.97 million, averaging EGP 1.73 a share, according to a bourse disclosure on Wednesday.

During the first nine months of 2020, Dice reported net losses of EGP 56.56 million, against net profits of EGP 125.29 million in the year-ago period, including minority shareholders’ rights.

Source: Mubasher

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