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IDRE sees changes in shareholding structure

IDRE sees changes in shareholding structure

ArabFinanceIsmailia Development and Real Estate Company (IDRE) said Target Real Estate Investment (TREI) increased its stake from 2.7837% to 5.4846%, according to IDRE’s disclosure.

TREI bought 995,000 shares at EGP 24.012 per each, with a total amount of EGP 23,891,790.

IDRE suffered a net loss of EGP 707,822 in the first half (H1) of 2020, compared to EGP 601,218 incurred in H1 2019.

Ismailia Development is an Egypt-based company engaged in the real estate development sector. The company focuses on planning and establishing urban areas equipped with all facilities; carrying out the infrastructure of drinking water, sanitation, electricity, roads, communications, and multiple garages.

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