ArabFinance: Wadi Consulting has purchased 5.80 million shares in Cairo Housing and Development Company (ELKA), acquiring a 6.442% stake in the company, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).
The transaction has been carried out at a total value of EGP 197.20 million, equivalent to an average price of EGP 34 per share.
Cairo Housing is an Egypt-based firm engaged in real estate and housing development operations.
The listed companys main activities include acquiring, selling, and leasing lands and buildings as well as city planning and infrastructure construction activities.
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