Egypt's Alhsn for Consulting cuts stake in United for Housing
The shares’ sale transaction was executed by Pioneers Securities Brokerage
Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.
REUTERS/Amr Abdallah Dalsh
By Staff Writer, Arab Finance
Egypt - Alhsn for Consulting Co has reduced its stake in United Company for Housing and Development (UNIT) to 2.28% from 3.06%, according to a recent filing to the Egyptian Exchange (EGX).
This came as a result of Alhsn for Consulting selling 2.15 million shares in United for Housing for EGP 10.829 million, equivalent to EGP 5.037 per share.
The shares’ sale transaction was executed by Pioneers Securities Brokerage.
United for Housing is an Egypt-based company that operates in the housing and real estate investment sector.
The company is primarily engaged in real estate investment activities in Alexandria and other governorates. It purchases, reclaims, and sells land and property, in addition to developing housing and construction projects, and offering financial leasing services.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW