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Shareholder cuts stake in Gulf Canadian Real Estate

Shareholder cuts stake in Gulf Canadian Real Estate

ArabFinanceGulf Canadian Real Estate Investment (CCRS) announced that shareholder Mohamed Mamdouh Hassam El-Mawy sold 153,500 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 4.58% from 9.51%.

The sale transaction has been implemented at a total value of EGP 1.68 million, equivalent to an average price of EGP 11 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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