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Gulf Canadian Real Estate Investment unveils change in shareholding structure

Gulf Canadian Real Estate Investment unveils change in shareholding structure

ArabFinanceGulf Canadian Real Estate Investment (CCRS) has seen a change in its shareholding structure as shareholder Mahmoud Ahmed Lashin sold 52,001 shares in the company, according to a filing to the Egyptian Exchange (EGX).

As a result, the shareholder’s stake in the company has been reduced to 4% from 5.04%.

The sale transaction has been implemented at a total value of EGP 1.58 million, equivalent to an average price of EGP 30.47 per share.

Gulf Canadian specializes in developing and managing real estate assets. Its main activities are related to construction projects in housing, tourism, and urban development sectors, as well as industrial projects and other related fields.

 

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