Target For Real Estate Investment trims stake in Dice

To 9.2% from 10.03%

Cairo – Mubasher: Target For Real Estate Investment, Development, Agricultural Reclamation and Tourism Development has lowered its stake in Dice Sport and Casual Wear to 9.2% from 10.03%.

The transaction involved the sale of 4.39 million shares for EGP 7.62 million, averaging EGP 1.73 a share, according to a bourse disclosure on Monday.

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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