As a result, the bank’s stake in Incolease fell to 8.99% from 9.99%
Traders work at the Egyptian stock exchange in Cairo, November 19, 2014.
REUTERS/Mohamed Abd El Ghany
By Staff Writer, Arab Finance
Egypt - Faisal Islamic Bank of Egypt (FAIT) has sold 200,000 shares in International Company for Leasing (Incolease) (ICLE) for an average price of EGP 38 per share, according to a filing to the Egyptian Exchange (EGX).
As a result, the bank’s stake in Incolease fell to 8.99% from 9.99%.
The total value of the transaction amounts to EGP 7.60 million.
Faisal Islamic Bank of Egypt is a financial institution that offers banking and investment services in accordance to Islamic Sharia principles through its head office and 27 branches located across the country.
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