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El Kahera El Watania to increase its stake in 3 companies

El Kahera El Watania to increase its stake in 3 companies

ArabFinance: El Kahera El Watania Investment (KWIN) decided to purchase 296,990 shares, a 6.33% of Alexandria National Company for Financial Investment’s (ANFI) stake in National for Trading and Development Co. (ENTAD) at the par value of share worth EGP 21.23 per share.

In addition, the company approved purchasing 738,420 shares a 15.74% of Assiut Islamic Trading Company (AITG) in ENTAD at EGP 21.23 per share.

On April 23rd, KWIN’s general assembly approved purchasing 22.19% and 19.76% of ANFI and AITG stakes, respectively, in Assiut for Agricultural Development’s capital. It will purchase Assiut for Agricultural Development’s share at EGP 7.36 per share.

Moreover, the OGM also ratified purchasing 20,000 shares of AITG’s stake, representing 0.13%, in the National Company for Glass & Crystal S.A.E’s share capital at EGP 2.7 per share.

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