ArabFinance: Regional Investment Holding has raised its stake in Naeem Holding (NAHO) to 18.506% from 17.95%, according to a filing to the Egyptian Exchange (EGX).
This came after Regional Investment bought 1.93 million shares in Naeem Holding.
The transaction has been implemented at a total value of EGP 477,406, equivalent to an average price of EGP 0.247 per share.
Established in 1997, Naeem Holding is a public shareholding company that operates in the provision of investment banking services within Egypt and abroad.
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